Comment by evmar
6 years ago
His "cost me $200m" is of a $20b company, so by the math he's suggesting he would've had 1% of the company after it went through all the dilutions on its path to $20b.
So yeah, if you have a chance to get nearly a cofounder's amount of equity in a company that will end up 20x a unicorn (which got that name because of how rare they are), then definitely go for it.
If you spend enough time in tech, you meet a lot of people who have this kind of story. It's ridiculous, but not that rare.
Not to mention it's 1% of a $20b company that has yet to go public and seems intent on staying private.
They do biannual liquidity events internally. If you’re an employee you can sell your stock back to the company for cash.
Another big iff here: iff the true owners of the company permit you to do so. Most startups do not permit this, afaik, which further indicates what a longshot it was that he turned down an offer from one that does.
I think they only started doing that recently, after they stayed private so long that many employees started approaching the 10 year mark at which point their options would expire.
Since Plantir is not going private for while, would his $200M be at all liquid in any way?