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A comment on When a Crystal Ball Isn't Enough to Make You Rich – Elm Partners. Parent comment

Re:When a Crystal Ball Isn't Enough to Make You Rich – Elm P... by ta12653421 on Sunday December 15, 2024 @05:31AM (#42422710)
in most cases, soon after IPO is a bad idea to sell, since insiders and first-salers

its a good entry point, id say - though IPO trading in general is a huge risk, rather pick stable/established ticker items

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Re:When a Crystal Ball Isn't Enough to Make You Rich – Elm P... by lizzas on Sunday December 15, 2024 @02:25PM (#42425381)
The point is to buy at a good price. If you know it is a good price at IPO then why not?

I am not advocating IPO trading.

I am saying join unicorn X, see of they have a good plan, if the company is well run etc.

You can tell because you are working there. Then if it is a good buy buy it, otherwise don't.

It is a bit like a hunter "tracking" their deer for 2 days rather than walking around shaking trees.

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Re:When a Crystal Ball Isn't Enough to Make You Rich – Elm P... by fragmede on Sunday December 15, 2024 @05:33PM (#42426451)
Unfortunately that's not enough to guarantee success. Even the most well run company can still fail to find product market fit, just be at the wrong time, or just get screwed over by external factors or even other internal factors. Conversely, a poorly run company with a toxic culture can succeed despite problems a rank and file employee might see.

If you've joined unicorn X pre-IPO, you've hopefully got a decent amount of pre-IPO options, at which point might I suggest diversifying in case the market doesn't share your confidence in the company.

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