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Love to see Duke lose
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That’s not a lot from a series C. Also given the IPO and VC market today, you’re looking at at least 3-4 years before any liquidity event
Thank you - that last part I didn't know. So I can't really liquidate until / unless it goes public.
Recruiter says the strike price of the options is $4 per share, but the secondary market value is $19 per share. I've tried googling and still don't understand this.
You can buy shares at 4 dollars that some people have paid 19 bucks for
Strike is the price you can buy for regardless of market price. So if the strike is 4 dollars, you can buy your designated number of shares for 4 dollars a share.
The market price changes, so if the market price is higher than 4, you profit the difference. If market price is 19, the profit to you is 15 per share you have options for.
If you believe them about the secondary market of course.
Also, if the market price is below the strike, well , those options aren’t worth much.
Good question. I'm really not understanding this equity component at all.
Apply a nice discount rate too