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A comment on Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank. Parent comment

Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by vmception on Thursday June 24, 2021 @05:57PM (#27624354)
You don’t need two classes of shares for this you are over complicating things
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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by Scoundreller on Thursday June 24, 2021 @06:00PM (#27624394)
Yeah, could just do the share issuance in 2 stages: the first at $0.000001 then later at >$1 to raise useful capital.

But multiple share classes often exist anyway for various reasons (different preferences upon liquidation, different voting polices, different retraction policies, different dividend policies, etc)

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Re:Peter Thiel turned a Roth IRA into a $5B tax-free piggy bank by vmception on Thursday June 24, 2021 @06:05PM (#27624456)
Yes

I believe Bain Capital used separate share classes to pump their employees 401ks

That level of collaboration and financial engineering should be encouraged

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