I am confused why didn't he made an 83b election in 2005?...Was it bad tax advice or youthful laziness or some clever strategy we don't know?
I believe you can only make an 83b election on restricted stock, not stock option.
Reminds me of taxation without representation. This is why people end up lobbying politicians directly instead. It gets more done for less. On NPR, Jack Abrahamoff said returns of 2200% are typical.