4 ms·

I totally get it but if they're valuing it below investors they're definitely valuing it below market.

• whimsicalism 4y ago
  But there isn't any public market.
  • JamesBarney 4y ago
    There's not a public market but there is a market.
    • whimsicalism 4y ago
      Why would I value equity at its price in a market I can't even access? Again, VCs don't care about ability to liquidate because they are diversified, but an employee certainly does because they are not diversified at all.
      • JamesBarney 4y ago
        This argument started with me saying that employees aren't overvaluing equity like they used to. And you are seeming to make the argument that employees are overvaluing equity but also valuing it below what the founders could sell it for. I wouldn't call that overvaluing, I'd say employees are correctly and rationally undervaluing common stock due to their undiversified portfolio.