“About one-third of Basecamp employees accepted buyouts today”

Re:“About one-third of Basecamp employees accepted buyouts t... by busterarm on Saturday May 01, 2021 @03:42AM (#27004212)

I think I made it clear that's a trap that mostly suckers fall into.

You can still partake in the massive success of revolutionary startups with your cash. In fact, you're in a much better position to, because if you're making a lot of cash, odds are you are senior and connected in your field. You have better odds of picking winners and investing in them.

There's also opportunity to buy pre-IPO shares.

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Re:“About one-third of Basecamp employees accepted buyouts t... by angry_octet on Saturday May 01, 2021 @10:53AM (#27006800)

How would you buy pre-IPO without options?

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Re:“About one-third of Basecamp employees accepted buyouts t... by busterarm on Saturday May 01, 2021 @07:01PM (#27010698)

Equity exists pre-IPO and people/companies sell it. There's even gray markets for trading it.

Being a qualified investor (which you can get to from zero in as little as 4-5 years if you're making FAANG cash) helps a lot.

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