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paulg's profile
Paul Graham
Paul Graham
Paul Graham
Verified account
@paulg

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Paul GrahamVerified account

@paulg

paulgraham.com
Joined August 2010

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    Paul Graham‏Verified account @paulg 4 Mar 2016

    When a public co's stock is down, they say the stock is down. When a private co's is, they say it's "underwater."

    8:49 AM - 4 Mar 2016
    • 27 Retweets
    • 113 Likes
    • Davi Ramos Alannah Baldwin Catherine Ramirez Marian Jefferson Martha Perez Bessie Cook Jill Stokes Boll Mayra Amy Perry
    12 replies 27 retweets 113 likes
      1. Steve Place‏ @stevenplace 4 Mar 2016
        Replying to @paulg

        @paulg TWTR's starting to grow barnacles

        0 replies 0 retweets 2 likes
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      1. Dan Bailey‏ @dljbailey 4 Mar 2016
        Replying to @paulg

        @paulg partly understandable because it's more relevant to "underwater" employee options - bigger part of comp and less fluid in startups

        0 replies 0 retweets 0 likes
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      1. Joseph Chan‏ @nahcoj 4 Mar 2016
        Replying to @paulg

        @paulg ironic because private co's are mostly illiquid.

        0 replies 0 retweets 1 like
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      1. Anshu Skyflow  🌶‏ @anshublog 4 Mar 2016
        Replying to @paulg

        @paulg also, when a public company goes private - it's not called an Exit? I am looking at you EMC/VMW.

        0 replies 0 retweets 0 likes
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      2. Ray Deck‏ @ray_deck 4 Mar 2016
        Replying to @paulg

        @paulg Isn't that just a nod to the difficulty/price of raising addl private equity capital on a down round?

        1 reply 0 retweets 0 likes
      3. Ray Deck‏ @ray_deck 4 Mar 2016
        Replying to @ray_deck

        @paulg And that the expectation that the pvt co will need that addl investment to survive n/t, where that is not necessarily case for pub?

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. Artur Adib‏ @r2r 4 Mar 2016
        Replying to @paulg

        @paulg hey! :) I was only speaking from the POV of employees, who usually get options in the private markethttp://www.investopedia.com/terms/u/underwater.asp …

        0 replies 0 retweets 1 like
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      1. Smith&Co  ⚖ ™‏ @Justica4all 4 Mar 2016
        Replying to @paulg

        @paulg You should be nicer to @PandoDaily truth hurts but they are RIGHT

        0 replies 0 retweets 3 likes
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      1. Rajat Suri‏ @rajatsuri 4 Mar 2016
        Replying to @paulg

        @paulg @timoreilly totally nonsensical that private stocks so difficult to reprice downwards. Private naturally more volatile than public

        0 replies 1 retweet 9 likes
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      1. Francisco H. de Mello‏ @kiko_himself 4 Mar 2016
        Replying to @tkiley

        @tkiley @paulg thanks... The gods of tech should be corrected too

        0 replies 0 retweets 0 likes
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