Had the choice for other exits. Wanted to retain the equity, so payed the bill.
Most people advised me to give up some shares, or find a third-party to front the cash and split the upside — both more rational choices than the one I took.
Most people advised me to give up some shares, or find a third-party to front the cash and split the upside — both more rational choices than the one I took.
83b election is good advice, though, especially for very early stage (low strike price) companies.
afaik 83b only applies to recently acquired stock, not options.