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Turning Expiring Options Into Venture Exposure [Vested’s Dave Thornton] | #597
The Meb Faber Show - Better Investing
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Show Notes
Today’s guest is Dave Thornton, co-founder & Chief Customer Officer of Vested, which helps startup employees unlock the value in their equity.
In today’s episode, Dave walks through the messy reality of startup stock options, noting $600 billion of startup equity is abandoned over a market cycle. He explains how Vested helps solve this problem by providing funding to help employees exercise their expiring stock options, in exchange for exposure to a portion of the now-owned shares.
Dave also previews Vestimate, a tool to track the fair-market value of your equity over time that’s already reducing abandonment, and shares practical takeaways for employees, advisors, and allocators seeking exposure to venture capital.
(0:00) Starts
(0:34) Dave Thornton explains Vested
(9:35) Vested's selection model, data sources, and proprietary insights
(17:22) Vested's investment strategy and funds
(21:19) Trends in IPOs
(23:13) Venture exposure
(26:18) Introducing the Vestimate
(31:12) Future goals for Vested
(37:38) Final remarks
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Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more.
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Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
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Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
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