Been there, done that. A startup I had exercised my options in was bought out by a company that was "talking about an IPO in the next few years".
That was several years ago.
The execs and VCs in the original startup got almost all the money in the liquidity preference. Ironic because I did "rock the boat" when I joined by attempting to ask for a better share class. 23 year old me asking for preferred shares lol. It failed.
The bigger company doesn't seem to be in IPO mode anymore. But I have shares of it, with a notional value 1/8th of what I paid to exercise my options.
> Sometimes I can make it a whole day without thinking about it, but it feels like I'm just burning time until I can finally cash in these shares and never worry about money again.
I can relate to that too, for other opportunities, its always good to look forward to something.
Been there, done that. A startup I had exercised my options in was bought out by a company that was "talking about an IPO in the next few years".
That was several years ago.
The execs and VCs in the original startup got almost all the money in the liquidity preference. Ironic because I did "rock the boat" when I joined by attempting to ask for a better share class. 23 year old me asking for preferred shares lol. It failed.
The bigger company doesn't seem to be in IPO mode anymore. But I have shares of it, with a notional value 1/8th of what I paid to exercise my options.
> Sometimes I can make it a whole day without thinking about it, but it feels like I'm just burning time until I can finally cash in these shares and never worry about money again.
I can relate to that too, for other opportunities, its always good to look forward to something.