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by sbinthree 1543 days ago
Unrealized gains tax is a good watch to destroy startups.
1 comments

> Unrealized gains tax is a good watch to destroy startups

If one of your founders is worth more than $100mm on the back of your venture, you’re no longer a startup.

If one of your founders is worth $100mm only on paper (i.e. unrealized gains), then you are definitely a unicorn.