I don’t think Paul forgot, it’s why he phrased it in terms of stock not dollars. If you start a company and hold on to ownership for 60+ years, you could be forced to sell X% to cover the wealth tax over the years
334 karma · joined January 29, 2019
Not sure what their license revenue is but hard to imagine it would be significant to a major fintech
I think a lot of people start CS without having coded before, find it more difficult than expected, look around and see half the class have been coding a few years and are way ahead and decide it’s not for them
In their last quarter they ended the quarter with 2,700 , they are buying and selling < 2k per quarter.
They are still in the testing / ramp phase of this business, I don’t think it will hurt them that much
I too am hopeful, but I think there is 10-15% chance of massive long term economic downside
These are kind of going mainstream and must be a huge thorn in the side of cable companies