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E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
All-In with Chamath, Jason, Sacks & Friedberg
What Is the Fair Market Value of the Common Stock?
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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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