> I personally know a bunch of people that spent months (or years) of their lives in suspense waiting for one of these.
8 years for me. I was an early employee at a YC startup that is now pretty close to having an IPO. At least, I used to think that. Now I'm not sure how much longer I'll need to wait.
What are some advantages of Gentoo Linux? I've never tried it or heard much about it. (I'm familiar with many others though: Ubuntu, Debian, CentOS, Fedora, Arch, NixOS, etc.)
I left many years ago when they were only worth low 5 figures, so that would have been a very bad idea. They've appreciated a lot over the years as the company has kept growing.
Apparently this is (or was?) a common practice in Silicon Valley. It's unfortunate, but I can also see how it's a sensible policy that avoids some problems.
So these ICOs are currently legal? In that case, is it legal to have an ICO for shares in an existing private company?
I am imagining the following scenario:
Someone has some vested shares in a startup. They send proof of their shares to some administrators of this
hypothetical service. The shares are then listed on the website. Someone browses the website and decides that they like the company, and they want to invest $10k. They make a request on the site, and then transfer $10k worth of Bitcoins to a specific address. The Bitcoins are then transferred to the person with the shares.
When the company has an acquisition or an IPO, the person then buys $X worth of bitcoins, and sends them to an address, where they are distributed among the investors.
This would be highly illegal, no? Something that would have to operate on the darknet? So then why are people getting away with ICOs?
P.S. As you might be able to tell from my username, I've been trying to figure out a way to sell some of my shares in a private company. (They're a unicorn in Silicon Valley.) You could call it an options contract. Or you could call it a loan, that would be repaid if/when the company has an exit. I've tried using a secondary market service, but the company blocked the sale.
P.P.S. This is completely unrelated to any of the above, but feel free to send me $20k worth of Bitcoins or Ethereum. I could even send you a link to my LinkedIn profile. But of course, this would just be $20k with no strings attached. But who knows, you might receive some bitcoins in the future.
I upvoted you because I don't think you should be downvoted for stating a political opinion. Democracy is about everyone getting a vote, even if the other side thinks your vote is wrong.
8 years for me. I was an early employee at a YC startup that is now pretty close to having an IPO. At least, I used to think that. Now I'm not sure how much longer I'll need to wait.