VA Linux: Easy Come, Easy Go
from the sounds-good dept
A look at some folks in VA Linux and their response to having a huge fortune and losing it just as quickly. The article makes it out as if everyone there just doesn’t care. They’re on a mission, and the money doesn’t matter. It certainly sounds good. I wonder how many VA Linux employees actually believe it, though.
Comments on “VA Linux: Easy Come, Easy Go”
It's the churn rate stupid (i.e. VA linux and not
I wonder how many VA linux employees are bailing ship, easy come and very easy go! Ha!
Counting chickens before hatched
Shortly after the LNUX IPO, somebody well-known in Linux circles (Eric S. Raymond, I think) went public with the fact that he was suddenly worth about 36 million dollars. By the way, that pronouncement seemed to rub a lot of people the wrong way.
I think that he was subject to some lockup restrictions and/or vesting requirements that meant he couldn’t cash in for a couple of years, and now that his huge paper fortune has dwindled to something less than one million, I can’t find that original message anywhere.
Re: Counting chickens before hatched
buying put options would have locked up a good percentage of that.
Re: Re: Counting chickens before hatched
I imagine that put options on a highly volatile stock like LNUX immediately after its IPO must have been very expensive, if available at all. Is that correct?
Re: Counting chickens before hatched
Here’s the link: ESR Writes on “Surprised By Wealth”