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Subject:RE: How many worthless stock options do you have? From:david -dot- locke -at- amd -dot- com To:"TECHWR-L" <techwr-l -at- lists -dot- raycomm -dot- com> Date:Fri, 21 Sep 2001 16:41:25 -0500
Maggie said:
>It's an opportunity to spend your own money to fund their company which
pays >you your money, to... It isn't money. I'd just as soon go to Vegas.
Here in Austin, back during the dot com boom, stores would take stock
options. It was nuts.
You have to do due diligence when you think about taking stock options. You
have to know the way the company intends to do business, and if the
management can make it happen. You do play a part in the success or failure
of the company, but overcoming management is next to impossible.
You also get to think like a venture capitalist. Out of 10 only five
succeed. Three of those five will just get by. Out of the remaining five,
one will pay for the other nine. So the best way to spread the risk is to
work for ten software vendors. One of mine paid off enough to make up for
years of just getting by and paid off the problems that accumulated over
those years. This same one failed absolutely create wealth.
So if you take stock options don't dream. Don't think about spending the
money until you have it in your hands.
Getting the check from the broker it is still not in your hands. The bank
will want to put it on hold. Have the money wired.
A landmark hotel, one of America's most beautiful cities, and
three and a half days of immersion in the state of the art:
IPCC 01, Oct. 24-27 in Santa Fe. http://ieeepcs.org/2001/
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+++ Seybold SFO, Sept. 25-27, in the Adobe Partners Pavilion +++
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