Anonymous asked: <p>when you take a webcam shot, the picture flips.</p>
but when you look at it, it’s photographically/setting-cally (haha) correct.
it’s the same even if you take a pic with a camera :)
There is something frequently missed in thinking about the value of common shares in startups. These shares are actually options!
A common share in a startup has the same payout structure as a call option. There is a range of outcomes in terms of total enterprise value at exit…
All of this.