eanzenberg

Thats different than being an uber early employee and knowing your private equity is worth a ton. I also wouldn’t exercise random startup shares unless they were real cheap and I wanted to roll the dice. The uber example is clearer. I’d always rather be a paper millionaire than not a millionaire at all. At least you have the choice to exercise some if you leave, or all if you can afford the loans. Also uber is a bad example since people DID sell their private shares as there was enough of a marketplace for it.

>> the western parts of the country is literally on fire.

Currently under investigation as arson.

Right, but why exercise the option without next selling it? If you’re quitting, that’s a risk. And AMT is applied on the gains. So your strike is $1, valuation currently at $100 and you pay tax on the $99 gain. Unless it’s Theranos that valuation wont go back to $1, so yes, you’re privileged.

Diversity dilutes your return as it regresses to the mean

Absolutely agree. It’s a numbers game but the first 9 may not hit but the 10th makes you wealthy. So if you’re on your 6th then you will feel the equity value is worth $0

If you’re hitting ATM you’re doing extremely well for yourself and are privileged.

Investors have the same lockup period post-IPO as do employees and founders.

That’s a fairly high bar. Musk’s vision is a 100 year vision, I don’t think anyone expects transhumanism in 2021.

Good experiment to see if this causes crime to increase.