[exreddit]

Figured I'd share this since its comp info you don't normally see. A lot of people made a lot of money today. I got 150,000 options for Reddit very early after it was spun out. With today's price, that's $7.5M, but I didn't get all 4 years of vesting, the pay was below-average, and my money was tied up. During the same decade, the faangs were up 12x on average, but the pay was better, and my money would have been liquid. Reddit might not hold up for 6 months, either.

[toomuchtodo]

Thanks for sharing, always fascinating to see different lottery tickets.

[fragmede]

Why didn't you take a deal with a secondary market buyer? Quid or SecFi or whatever

[krallja]

Regardless of what price they quote in their emails, I’ve heard that Quid will only loan you a quarter of the FMV of your shares, at 15% APR (deferred) — plus 5.5% of your shares outright, which increases annually.

It sounds like a horrible deal.