2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

What Is the Fair Market Value of the Common Stock?

The company doesn't set the option price. That's set by an external fornine audit. But if that forenine goes down because of these factors we're talking about, you can basically, the board can vote to reprice every one's option. So at least they get the benefit of the lowest plane.

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