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A comment on OpenAI Deal Lets Employees Sell Shares at $86B Valuation. Parent comment

Re:OpenAI Deal Lets Employees Sell Shares at $86B Valuation by mistrial9 on Monday February 19, 2024 @08:46PM (#39437094)
long ago in some deals, you the junior person had to get the money to pay the tax on the transfer before you had a right to sell.. therefore, there was an intermediate step where the junior person might have to borrow money to complete the deal; failing borrowing, the junior person may not be able to take the compensation.
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Re:OpenAI Deal Lets Employees Sell Shares at $86B Valuation by yieldcrv on Monday February 19, 2024 @09:46PM (#39437478)
thats still common in less sophisticated startups and markets (they think they are sophisticated though, it just depends on which VCs gave them which legal counsel)

but there are a lot of lenders for cashless exercise

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