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underyx | 7 months ago

This also applies for options exercised before the company reaches $50M in assets. And then the gain from a valuation from $50M to say $1B is all excluded.

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jusob|7 months ago

Not just exercised, but bought before the company reaches $50M in assets.

intuitionist|7 months ago

IANAL but I believe the option has to be exercised before the company reaches $50M in assets—that’s when you buy the stock.