Peter Schmidt-Nielsen

1 note in the collection. Writes at peter.website (opens in a new tab)

Equity is Worth More Than Cash Because of Optionality Aug 6 6 min
Schmidt-Nielsen argues a vesting equity grant is a call option paid for with your time, since you can stay if the company does well and quit if it doesn't, so a dollar of equity beats a dollar of cash, especially at startups.
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