It ruined the friendship.
I was uninformed on how stock grants worked and trusted their advice. They said "I'll take care of you."
They made millions from the venture. I was able to buy a motorcycle.
I was uninformed on how stock grants worked and trusted their advice. They said "I'll take care of you."
They made millions from the venture. I was able to buy a motorcycle.
Any chance you could elaborate on this? What about stock grants were you unaware of (or misunderstood) until it was too late? What should people reading this watch out for?
Philosophically, even if not written in the contract, someone could convince you to dilute at the last minute. The best interest of a buyer is to put the target in close bankruptcy before buying it. Anything is possible in peer-to-peer negotiations, and legal framework can only go so far.
they gave a fraction of a fraction of a percent, from a particular share class that likely was subordinate to other liquidity preferences.
like, even if you were personally more informed the outcome wouldn't be different? you would have rooted for an even bigger upside for the whole company.