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by CLiED 558 days ago
A judge might take your $50 billion options package if you incorporate there, a real risk to most of us.
3 comments

Well, they might take it if you don't have an independent board of directors, that you browbeat into it, and some shareholders sue, and are able to substantiate that to a judge via a long legal case. In that case, you might be upset, but your investors won't be.

EDIT: Some facts are too dangerous to share, because of how they make people feel.

It is highly unlikely anyone here will ever have to worry about this problem, the odds are worse than winning the lottery [1] [2]. ~90% of startups end up in failure [3], for example.

[1] https://medium.com/@13032765d/the-chance-of-becoming-a-billi... | https://archive.today/CwENd

[2] https://medium.com/@RisingUnicorns/reality-of-95-startup-fai... | https://archive.today/NCzaX

[3] https://www.ycombinator.com/library/D0-startups-for-students

It's over $100 billion now (due to Tesla stock price increase)