From a469d145d01bc3b4d29b7b8ddb123440c550ea51 Mon Sep 17 00:00:00 2001 From: Cassidy Williams <1454517+cassidoo@users.noreply.github.com> Date: Sat, 30 Dec 2023 01:39:12 -0600 Subject: [PATCH] Reference Julia Evans --- src/posts/stock-option-shenanigans.md | 4 ++++ 1 file changed, 4 insertions(+) diff --git a/src/posts/stock-option-shenanigans.md b/src/posts/stock-option-shenanigans.md index c562690..9cafdff 100644 --- a/src/posts/stock-option-shenanigans.md +++ b/src/posts/stock-option-shenanigans.md @@ -22,3 +22,7 @@ In case you don't want to watch, at a high level, here's what I talk about that 7. **Preferred vs Common Shares**: Typically, employees get common shares and investors get preferred shares. Preferred shares are advantageous during liquidation, as preferred shareholders get their money first. [More on that here](https://learn.angellist.com/articles/preferred-shares-vs-common-shares). Overall, the main thing you need to remember is that investing in startups is always a risk. Companies can fail (and often do, [especially in this economy](https://carta.com/blog/deal-terms-q3-2023/#deals-drying-up)), and when they do, your investment fails with them. But, if a startup succeeds... the returns can be significant! Your equity in a company is a lottery ticket - you may not win, but if you do, the rewards can be huuuge! + +If you'd like more information beyond this, I highly recommend [this blog post by Julia Evans](https://jvns.ca/blog/2015/12/30/do-the-math-on-your-stock-options/). + +Until next time!