[drinkzima]

In all of this fever people seem to be ignoring this is a diff of $2m of tax incentive down to $1m of tax incentive on someone taking home $6m dollars (the diff between long term cap gains and the 0% with and without the 50% exclusion on $10m).

It’s sad for that person, but the most meaningful impact is to VCs and angels that receive this exception multiple times. Less than the diff of leaving California for a single exit.

[Traster]

Surely most VCs are running their investments through their business which isn't going to be subject to this anyway?