Re:The We Company S-1
by michaelt on Wednesday August 14, 2019 @09:52AM
(#20695535)
They probably tell the new hires the same thing they tell themselves:
* It's always a gamble, but if you'd received $x0,000 of options 3 years ago, they'd be worth $x00,000 now.
* You'll own 0.00x% of the company, and if you owned that much of Facebook you'd be a multimillionaire.
* Companies like Amazon don't make a profit, and the stock market is fine with it. They know Bezos could turn a profit if he wanted to, but he's putting all the money to work growing the business.
* A company's IPO price isn't its all-time peak price; Google's stock increased 9x from their IPO price.
You'll note that, if you look carefully, nowhere in those points did I promise WeWork options would ever be worth anything.
* It's always a gamble, but if you'd received $x0,000 of options 3 years ago, they'd be worth $x00,000 now.
* You'll own 0.00x% of the company, and if you owned that much of Facebook you'd be a multimillionaire.
* Companies like Amazon don't make a profit, and the stock market is fine with it. They know Bezos could turn a profit if he wanted to, but he's putting all the money to work growing the business.
* A company's IPO price isn't its all-time peak price; Google's stock increased 9x from their IPO price.
You'll note that, if you look carefully, nowhere in those points did I promise WeWork options would ever be worth anything.