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10k is 1% of a million. So <0.018% of 607 million. At a company exit at $6 billion (very unlikely), the shares would be worth about $120,000. For perspective
by brudgers 4y ago
10k is 1% of a million.
So <0.018% of 607 million.
At a company exit at $6 billion (very unlikely), the shares would be worth about $120,000.
For perspective Twitter went public at $14 billion and Google at $23 billion.
So a Google size IPO would be less than half a million dollars.
That’s without additional dilution, liquidation preferences for preferred stock, and getting fired to increase returns for those first in line.
And less exercise price.
And capital gains taxes.
It’s not a bullshit offer, because the company hopes your friend believes in it.
That makes it horseshit.
Good luck.
- brudgers 4y agoI don’t usually comment on my own posts, but… The important takeaway is the offer is a tell. The founders are giving fair warning that they do not want your friend to get rich. That’s different from not caring if your friend gets rich. Quite different from being happy if your friend gets rich. And the polar end of the goodwill spectrum from trying to make your friend rich.