For a few brief moments, my stock holdings in my former employer were hypothetically worth $5 million. This is the wild story of how I realized less than 1% of that value. I’ll be pretty specific about some of the numbers, because equity compensation is a mystery to most people. Until I went...
“As they say in poker, ‘If you’ve been in the game 30 minutes and you don’t know who the patsy is, you’re the patsy.‘” Warren Buffet, 1997 Marketing 101: Customers love free stuff. As a result, it is a common marketing practice to offer things “for free” in order to impact customer behavior or...
If you are looking past or through Covid — and why not, all of Wall Street is — the topic du jour in Silicon Valley is Special Purpose Acquisition Companies, or SPACs. SPACs are all the rage, and everybody and their brother have either raised one or are talking about raising one. What are they,...