cmart

Liquidity preferences are also critical in allowing companies to grant employee stock options at valuations substantially below what the Series A investors pay. If liquidity preference disappear, the IRS will likely take a much closer look at low strike prices on options.

> Would the attitude toward Thiel change if Thiel happened to have a law degree?

He does have a law degree.

You should check out Wealthfront. They automate your passive investing for you. No trading fees and only 0.25% fee after the first $10k free.

I count 6-7 taps to text somebody 'yo' from my iPhone, depending if they're above the fold in the messages app or not...Wonder how he got to 11

As of Q4, the average paying user gave them $17.32 per month in Gross Bookings. And they had $632m of Gross Bookings in the quarter, meaning they had 12.2m paying users by my count, giving them an average of $17.32/mo each.

12.2m paying users out of 408m MAUs, or about 3% of the total.