jean_valjean

4 ms·

1. 1.▲
   by jean_valjean 15y ago

   It could be worse, they could've invested in StickyBits...
2. 2.▲
   by jean_valjean 15y ago

   This isn't some search for objective truth. It's me sharing my opinions and the supporting rationale in the hopes that somebody might find them useful when they run into this situation in the future.
3. 3.▲
   by jean_valjean 15y ago

   The goal of the equity adjustments is to keep the expected value (at time of compensation) roughly equal. The expected value of a $100k IOU from a startup is likely $10-20k. The expected value of $100k in equity is (if priced reasonably) ro
4. 4.▲
   by jean_valjean 15y ago

   I disagree with his assessment that it's fair for some founders to take cash now and others to receive only IOUs payable later. The second group face not only a time value of money problem, but they're also accepting the risk of default (wh
5. 5.▲
   by jean_valjean 15y ago

   The US government has been a staple of comedy for many, many years. See: http://en.wikiquote.org/wiki/Will_Rogers His quotes from 80 years ago still sound timely.
6. 6.▲
   by jean_valjean 15y ago

   When I read the details of the story, I feel like this isn't meaningfully different from a few years back when there'd be warehouses of DVDs or VHS tapes,and hundreds of duplicators seized along with bags of cash. The medium change, but the