Doesn't matter, because it's multiplied by X plus equity.
> So why not just say the actual acquisition number?
Because he didn't want to say the number, but he wanted to say that it was high enough to justify his effort.
It's materially different to have an X multiple of an NYC salary versus an X multiple of an average US salary, for all values of X.
Let X = 0
Doesn't matter, because it's multiplied by X plus equity.
> So why not just say the actual acquisition number?
Because he didn't want to say the number, but he wanted to say that it was high enough to justify his effort.