By how many K is your net worth down by now?

Uber / Creative
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Uber Creative

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Google
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May 14 29 Comments

I'll start - 400 K.

The unit is $, multiple is 1000.

Tagging the recent IPOs - @uber, @lyft, @pinterest, @zoom

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TOP 29 Comments
  • Oracle alwzangry
    There is no net worth. And when we die, the people who love us will miss us. - Neo
    May 14 6
    • Amazon Pizza3.141
      And when they die, no one gives a shit about you, your networth or your life.
      May 14
    • Tbh. they get over it pretty quick.
      May 14
    • Axtria DesiLaunda
      @New i am sorry you haven't built real connections with people. Maybe you can start now.
      May 14
    • Lol I haven't died before. But just from experience w/ friends. There's a mourning period and then everyone just moves on. You really can't dwell on the importance of life, best to just enjoy it any way you can.
      May 14
    • Amazon / Eng KHCr70
      Not my experience. Wife lost her sister and mother 6 years ago. Took 5 years to stop having breakdowns.

      Best friend lost his brother 4 years ago. His family is still getting over it.
      May 14
    • Axtria DesiLaunda
      Agree with Amazon. Life moves on, we can't stop time but it takes a lot of time to move on.

      My friend lost his dad and he still cries if I talk to him seriously about it. It's been 7-8 years. I lost my grandparents 10 years ago. I was very close to them and I still think of them.

      The mourning period is visible, what follows is silent.
      May 14
  • Google atdk
    Uber down by 20% overall. So you have 2mill Uber stock ?
    May 14 9
    • BluVector sparked
      That’s also assuming he was granted the stock at its IPO price which is unrealistic
      May 14
    • New Ejs
      What price is more realistic?
      May 14
    • Google / Eng
      frSU26

      Google Eng

      PRE
      Microsoft, Uber
      frSU26more
      Prior to IPO the fmv was ~$51 so employees are down ~33% so 1.5 mil in stock - not unrealistic. Also employees we're granted the stock at IPO price so have to pay taxes on it at that valuation.
      May 14
    • Uber / Creative
      bag.

      Uber Creative

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      Google
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      OP
      Yup that's my starting point. Then the stock price has gone down. On top of that, I've been burdened with a tax bill at IPO price.
      May 14
    • Google LyLs67
      Why will the tax bill be at IPO price?
      May 14
    • SAP ksYR03
      Could you share some no’s on the whole starting value and how and when do U pay taxes? Would be helpful for us to understand the private startup options space
      May 14
    • Uber / Creative
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      Uber Creative

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      Google
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      OP
      My stock had vested before IPO. It becomes "liquid" at IPO. IRS calculates tax based on IPO price.
      May 14
    • Google LyLs67
      Didn't you sell at IPO time to cover the tax?
      May 14
    • Uber / Creative
      bag.

      Uber Creative

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      Google
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      OP
      Some percentage was withheld. Some remains to be paid.
      May 14
  • Salesforce namehere1
    Oh look! An Uber bro humble bragging!
    May 14 1
    • Uber / Creative
      bag.

      Uber Creative

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      Google
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      OP
      Not really. Suppose you were at any of the FAANG companies, you would be allotted stock worth 550K at L5. Suppose it happened four years ago. And suppose you had a four year cliff (because that's approximately what happened in my case, so we will apply it here as well). Their stock grew by about 100% in four years. So it's worth 1.1M by the time it lands in your account. This isn't very surprising.
      May 14
  • Microsoft
    πŸ™MπŸ™

    Microsoft

    BIO
    πŸ™
    πŸ™MπŸ™more
    Up up up it’s all in bitcoin baby
    May 14 0
  • Nvidia twobitin
    You girls have net worth?
    May 18 1
    • Microsoft pJcW86
      What's that, is that part of my TC

      /s
      May 18
  • Pinterest PJqy52
    Mine is up because we're still up 25% from last private round (42% from IPO price)
    May 18 0
  • Nvidia greekie
    Can I count social credit?
    May 14 0
  • Microsoft pJcW86
    Where's the option for I shorted the market recently and gained?
    May 14 0
  • Fucking blind polls.
    May 14 0
  • Google LyLs67
    When did you join Uber?
    May 14 0
  • Google atdk
    I'm so poor, I'm counting my losses in thousands 😏

    Worked in a startup before. Joined Google 2 years ago !

    Also #autosale
    May 14 0
  • Apple Wapple
    Net worth down? In this market you should be buying! Mine is already up 900 multiple of 4500 in unit €!
    May 14 0

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