Chapter
Starting a Company Without Being Rich
03:04 - 06:32 (03:28)
The speaker discusses how they started a company without being wealthy and the challenges surrounding taxation on vested shares.
Clips
Bernie Sanders has proposed a tax on vested shares that have not been cashed in yet, which has caused concern among those with stock options.
03:04 - 04:44 (01:40)
Bernie Sanders
Summary
Bernie Sanders has proposed a tax on vested shares that have not been cashed in yet, which has caused concern among those with stock options. The tax would only apply to individuals with over 100,000 in vested stocks and whose income is at least 130K.
ChapterStarting a Company Without Being Rich
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
The speaker discusses the process of changing from an LLC to a C Corp in order to take traditional investments and the costs involved.
04:44 - 05:40 (00:55)
Investment
Summary
The speaker discusses the process of changing from an LLC to a C Corp in order to take traditional investments and the costs involved. They also mention the use of Carta and getting a 409 A valuation for the company.
ChapterStarting a Company Without Being Rich
Episode#53 - Nicotine Gum, Dating Apps For The Elderly & Tax on Vested Shares
PodcastMy First Million
In this episode, the speaker explains the importance of a low valuation for startups, which leads to higher share prices and stock options in the future.
05:40 - 06:32 (00:52)
Startups
Summary
In this episode, the speaker explains the importance of a low valuation for startups, which leads to higher share prices and stock options in the future.