Classic. slightly related to this note
Company stock you can’t sell is useless
One company wanted to acquire [nomadlist] for $8M [of their] stock and I ask them “can I sell it (the stock)?” And they reply “Not on Nasdaq; maybe on the second market”
“Stock is useless”
His argument is that many Startup founders are not really rich. They are venture-backed and get payed in stock that cannot be exchanged for money.
- levelsio’s interview clip in How to Get Rich as a Startup Founder (and How Not To)