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Better.com CEO Threatened to Burn His Business Partner Alive. Now He’s a Billionaire. Last fall, employees at one of America’s fastest-growing startups began m

• vmception 5y ago
  Nice, when we started playing with some financial engineering we also noticed that vesting could be any unit of time. So we did grants with super low cost basis (it was very early there was nobody else to placate), and the recipients did 83(b) elections to recognize the income at the low cost basis, so when they exercised at fair market value soon after it wouldnt be income at that point in time, only capital gains when they sale (which is offsettable much more easily than income, or gets a lower tax rate if you hold it ling enough anyway). This just nullifies a big income tax bill. Fun game, if you know what you’re doing. Expensive annoying game if you dont.
  • netizen-936824 5y ago
    I don't think that was the point of the linked article Pretty sure it was the threatening someone to burn them alive
    • vmception 5y ago
      oh, right, that. it also presented the shareholdings and the compliant ways of transferring consolidated ownership in a negative light