Will new employees at $10B+ startups start demanding options priced below the most recent valuation? Is that even practical tax-wise?
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So if the question is "Should employees expect a bit of an anti-volatility cushion?" a) they already get a wee bit of one and b) part and parcel of being an owner in a company, through any instrument, is experiencing substantial pain if the market decides to mark down by X0%.
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I feel like this is going to be a very common question post-WeWork and that is a good answer.
End of conversation
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