looking into positions at Cruise. was wondering what their equity package looks like — specifically, is their equity paid out in GM stock? cruise stock? does cruise stock have value until another liquidity event?
How much did you make out of lyft ipo op ?
100% Cruise private stock, not liquid until a liquidity event.
^ yup this is correct. They used to pay out GM stock in cash but no longer
How do private stocks work? I understand in private start ups, Stock Options have a fixed strike price which you have to pay to purchase your stocks. Do you need to pay strike price to buy Cruise private stock before you sell them?