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E80: Recession deep dive: VC psychology, macro risks, Tiger Global, predictions and more
All-In with Chamath, Jason, Sacks & Friedberg
How Do You Get Two Billion Dollars of a R R?
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When a venture investor like myself or jason explain basis, by the way, for people for iv basis basis, your your the price of your stock is effectively zero. It has a very low basis your building value. But here's what people don't understand: When you're a very early employee, you get a mixture of these things that are hugely accretive. You can do an 83 b election, which as ffectively you buying the stock, starting the clock on long trim capital gains,. Then you have stock that you give to employees. They're one of two kinds non qualified stock options and incentivi stock options, n s os and i s o. Those have different
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