Comment by tomasphan
Comment by tomasphan a day ago
That’s how it should be, spread the wealth.
Comment by tomasphan a day ago
That’s how it should be, spread the wealth.
3000x One person with 830k is comfortable living. Probably gets spent into general economy.
1x Person with billions probably gets spent in a way that fucks everyone over.
They’ve had multiple secondary sales opportunities in the past few years, always at a higher valuation. By this point, if someone who’s been there >2 years hasn’t taken money off the table it’s most likely their decision.
I don’t work there but know several early folks and I’m absolutely thrilled for them.
Funny since they have a tender offer that hits their accounts on Oct 7.
private secondary markets are pretty liquid for momentum tech companies, there is an entire cottage industry of people making trusts to circumvent any transfer restrictions
employees are very liquid if they want to be, or wait a year for the next 10x in valuation
Oh no, "greedy" AI researchers defrauding way greedier VCs and billionaires!
It doesn't seem that spread out.