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A lottery ticket with 5% odds of payoff would be phenomenal. I think $0 is the proper value - I've never worked for a startup that paid dollar one on options.
by RyJones 12y ago
A lottery ticket with 5% odds of payoff would be phenomenal. I think $0 is the proper value - I've never worked for a startup that paid dollar one on options.
Warning, if I work somewhere, you should short that stock / not take options. Sorry.
- opendais 12y agoFair enough. Maybe it is more like .1-1%. I made up the 5% number off the top of my head tbh. I'd really need to sit down and see what % of startups actually go public. That would be a fairer number to use. 1 in 20? 1 in 50? 1 in 100? Please keep your profile updated with where you work so I can short them. <3
- sliverstorm 12y agoDoes that ever get depressing? Like, "Well the last seven companies I worked for all went belly-up in a few years, I don't expect this one to last much longer..."
- RyJones 12y agoIf insanity is doing the same thing over and over, expecting different outcomes, I'm insane because I keep doing startups. It's all about the PMA http://en.wikipedia.org/wiki/Positive_mental_attitude http://en.wikipedia.org/wiki/Positive_mental_attitude