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A judge might take your $50 billion options package if you incorporate there, a real risk to most of us.
by CLiED 2y ago
A judge might take your $50 billion options package if you incorporate there, a real risk to most of us.
- refulgentis 2y agoWell, they might take it if you don't have an independent board of directors, that you browbeat into it, and some shareholders sue, and are able to substantiate that to a judge via a long legal case. In that case, you might be upset, but your investors won't be. EDIT: Some facts are too dangerous to share, because of how they make people feel.
- new_user_final 2y agoIt's over $100 billion now (due to Tesla stock price increase)
- toomuchtodo 2y agoIt is highly unlikely anyone here will ever have to worry about this problem, the odds are worse than winning the lottery [1] [2]. ~90% of startups end up in failure [3], for example. [1] https://medium.com/@13032765d/the-chance-of-becoming-a-billionaire-is-higher-with-lottery-than-starting-a-startup-2eebeea56f29 https://medium.com/@13032765d/the-chance-of-becoming-a-billi... | https://archive.today/CwENd https://archive.today/CwENd [2] https://medium.com/@RisingUnicorns/reality-of-95-startup-failures-y-combinators-biggest-flops-dd7954a2c377 https://medium.com/@RisingUnicorns/reality-of-95-startup-fai... | https://archive.today/NCzaX https://archive.today/NCzaX [3] https://www.ycombinator.com/library/D0-startups-for-students https://www.ycombinator.com/library/D0-startups-for-students