Ideally VC mothership should pay for their continuation through crisis. Or none of the VCs included Corona like risk in their calculation?
Nobody included that risk in their calculation.
Taleb did
Grab Asks Staff to Take No-Pay Leave to Cut Costs
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Re: Grab Asks Staff to Take No-Pay Leave to Cut Costs
#22Earlier quoted context omitted.
They are issuing RSUs in lieu of pay.
Awesome! Feels like an important detail that Bloomberg should have in the article. Difficult times for everyone right now, it might be a small gesture, but it's something.
But why is this good? RSU are pretty worthless right now... there's a lot of restrictions around it. Stuff like when can you cash them out, what happens if the company loses more money and shutters, what happens if you get laid off, and they don't help pay the bills?
Cash is king right now, especially in this economy.