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E68: Trudeau invokes emergency powers, Bitcoin vs. government, Tiger Global's new strategy & more
All-In with Chamath, Jason, Sacks & Friedberg
The Value of the Common and the Price of the Prefered
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When you set up a company, the gap is typically around 20 to one. That's what allows you to hire employees and give them very, very cheap options with embedded upside. What uri realized was he wait a minute. I'm buying a company a year or 18 months before it goes public,. The price of the common and the price of the preferred are roughly the same. So similarly for tiger d on and coto, i would just observe the obvious and kind of put everything that we've just sat on the table, which higes, i'll give you the money. You're not going to take a board seat because it's clear this company is successful.
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