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A comment on The Reddits. Parent comment

Re:The Reddits by fragmede on Thursday March 21, 2024 @09:39PM (#39786588)
100% of $0 is $0. Even 25% of $7.4m is $1.8m
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Re:The Reddits by mattmanser on Friday March 22, 2024 @02:52AM (#39788012)
Did you miss the key words of LOAN and 15% APR?
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Re:The Reddits by JumpCrisscross on Friday March 22, 2024 @08:00AM (#39789792)
You should be able to get a non-recourse loan, i.e. where you never owe more than the stock is worth. That said, Reddit was one of the more secondary-unfriendly firms, if memory serves correctly, if you didn’t have Board or senior management connections.
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Re:The Reddits by fragmede on Saturday March 23, 2024 @04:53PM (#39803033)
it's a non-recourse loan though, so if Reddit didn't IPO and you can't pay, you don't owe money you don't have.
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Re:The Reddits by krallja on Friday March 22, 2024 @08:58AM (#39790262)
These shares weren’t ever worth $7.4m at FMV.
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Re:The Reddits by fragmede on Saturday March 23, 2024 @04:54PM (#39803036)
what was the 409a?
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Re:The Reddits by meesles on Friday March 29, 2024 @12:26PM (#39865925)
Did you really just ask for a 409a in a public forum? You do realize those are closely guarded secrets?
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