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by deanmoriarty 433 days ago
It’s truly the biggest scam in the industry.

Staying years at an early startup in exchange for paper money (and having to pay AMT + exercise costs) is one of the biggest regrets in my career, I truly don’t know what I was thinking.

I still have a bunch of this paper junk and I wish they’d at least go to $0 so that I could claim a capital loss on my exercised cost basis, but they are stuck in zombie land.