That article was interesting not for it's numbers (which I agree are wrong), but because of its analysis.
AFAICT, startup attrit happens in spite of income-maximizing decisions and not because of them.
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Just to be clear, the author assumes that you aren't taking options unless they have at least a 7-year expirationpic.twitter.com/6LgwiILCIh
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I agree, but in the intro the author uses this mechanism to explain high attrit, when high attrit occurs independent of exercise period!
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