3 ms·
> The crazy first day of the IPO of VA Software (+698% above initial price!!!) VA made F&F shares available to anyone who could document an open-source contrib
by js2 5y ago
> The crazy first day of the IPO of VA Software (+698% above initial price!!!)
VA made F&F shares available to anyone who could document an open-source contribution to Linux. I think my addition of the "-e" switch to chpasswd was sufficient.
I recall that I purchased 140 shares at $30. I held on to those shares the first day all the way up to $300/share or whatever it was, and then kept holding the shares in the coming days and weeks all the way back down. I eventually sold a few years later for maybe $1/share. At least the loss was able to offset some LTGC.
I purchased some wisdom with that experience.
Edit: I left the same comment on this story in 2014:
https://news.ycombinator.com/item?id=7925266 https://news.ycombinator.com/item?id=7925266
(I must be really boring at parties.)
- tempnow987 5y agoI was a broke student. I sold first day (luckily) just because I didn't have the money to hold onto them for any length of time. Worked out, but then my school took it back by reducing my financial aid award (OUCH).
- lenova 5y ago> I purchased some wisdom with that experience. That such an excellent way to phrase it, I may steal it ;-)