I personally wouldn't touch that. That's a business in a race to zero to cut costs
yeah I assume these traunches are hella early from when there were options, not rsus. Just a guess but that’s usually how this works
Don’t catch a falling knife. Even Databricks is listed at $34Bn but the new offers are given out on their previous valuation
Wait we can sell our stocks???
Nope. It's probably high level execs or investors. Employees get their sale requests blocked.
@ekdnfsl that doesn’t make sense at all 😂 the high level exec of a company are supposed to be the least ones to sell their stock
New 409a values us at less than $10B.
Is it already available?
new 409a is 13b
They were trying to dump it on unwitting buyers https://www.reuters.com/technology/instacart-cuts-internal-valuation-10-bln-information-2022-12-28/
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At lease people can liquidate. But I heard they reinstall the RSU clawback policy, meaning if you leave before IPO, you get zero shares
Double trigger vesting... it may not really be vested until a liquidity event (such as an IPO) occurs.
Yes even after your vest, that’s why it’s called clawBACK