Latest / Complex Systems with Patrick McKenzie (patio11)
Understanding equity at tech companies, with Billy Gallagher of Prospect
Why do billions of dollars of stock trade hands based on napkin math and vibes? Billy Gallagher, CEO of Prospect and former Rippling employee, joins Patrick McKenzie (patio11) to walk through the information asymmetry that costs less-sophisticated employees massive amounts of money. From understanding when to early exercise options to navigating 83B elections and tender offers, they discuss the critical decisions that have a shot clock ticking the day you sign your offer letter.
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Full transcript available here: www.complexsystemspodcast.com/understanding-equity-at-tech-companies/
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