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.

References:

• levelsio’s interview clip in How to Get Rich as a Startup Founder (and How Not To)