> Real MSFT stock beats a theoretical could-have-been with a 10x upside.
As someone who has done startups, I highly agree with this statement.
But for a lot of people doing start ups for the first time (including my younger self) they don't understand the headache of private market equity, and thus do not apply the correct discount.
As they say, a bird in the hand is worth 2 in the bush.
As someone who has done startups, I highly agree with this statement.
But for a lot of people doing start ups for the first time (including my younger self) they don't understand the headache of private market equity, and thus do not apply the correct discount.
As they say, a bird in the hand is worth 2 in the bush.