When my ESOPs from IIFL Wealth (now 360 One WAM) finally turned into real money in 2019, the first thing I did was pay off my home loan using some of it.
Had I held on to that part, those same shares would have eventually been worth a lot more than I imagined at the time.
I don't say that with regret, becoming debt-free gave me real peace of mind. Anyone who has carried a home loan knows that feeling.
And that financial security also gave me, @ContractorSahil and @vaibhavpor the confidence and the capital to start Dezerv, which today has 700 employees and is growing. That's what makes ESOPs so powerful. One person's wealth can create opportunities for thousands more.
Flipkart's liquidity event showed this effect at scale. Its former employees went on to build PhonePe, Groww, Spinny, udaan, and dozens of other companies that together created over 32,000 jobs and are worth $24.6 billion.
But none of it happens if people don't understand what they're holding. That's why I wrote this book, which contains everything you need to know about ESOPs in one place.
Itโs for anyone who owns ESOPs, not just the person sitting on a large windfall, but also the person receiving their first grant and trying to understand how it works.
Because most of the important decisions around ESOPs happen long before there's a liquidity event.
#ESOPs #Book #ComingSoon
Delighted to welcome my friend, President Putin to India. Looking forward to our interactions later this evening and tomorrow. India-Russia friendship is a time tested one that has greatly benefitted our people.
@KremlinRussia_E
If you think back to the fiber-optic bubble of 2000, the warning signs were obvious. When the capex spending started to outstrip the desire of investors to fund it, the vendors started to act in irrational ways in order to hit Wall Street targets. Lucent and Nortel started lending their customers money to buy networking equipment, they took equity stakes in their customers, so that they could purchase more equipment, and they even bought capacity on their customersโ fiber-optic networks so that their customers could show revenue growth, and hit Wall Street targets. All of this was done in the hope that their customers could raise more capital to keep buying networking equipment. As you can imagine, when youโre the vendor, the customer and the investor in a company, thereโs a strong incentive to artificially inflate the numbers by signing preferable contracts that use very large numbers, and then round-trip the capital. With extreme pressure to hit targets, especially as the funding cut off, it should be no surprise that this led to endemic fraud at both Lucent and Nortel, ultimately leading to their collapse.
https://t.co/4rJpg0WaT9
India and the US are close friends and natural partners. I am confident that our trade negotiations will pave the way for unlocking the limitless potential of the India-US partnership. Our teams are working to conclude these discussions at the earliest. I am also looking forward to speaking with President Trump. We will work together to secure a brighter, more prosperous future for both our people.
@realDonaldTrump@POTUS
@AtombergT@atomberg_tech
Folks this is the 3rd time i have to call your technician. The fan is less than 3 months old. Aris Smart 1200 model, it makes a lot of noise while spinning.
You need to replace the fan with a new one. Pls resolve today
@arindam___paul
Congrats to Joe Gebbia on becoming the first Chief Design Officer of the United States. In this newly created role, Joe will oversee the redesign of roughly 26,000 federal web portals, many of which are obsolete, so they better serve social security recipients, veterans, and all citizens.
As a former cofounder of @Airbnb, @jgebbia could have done anything next but decided to volunteer his time and expertise to public service. Thank you Joe.
And thank you to President Trump for creating this new function by executive order and continuing to attract the best talent from the private sector to join his administration. Itโs an honor to be part of!
'Once you ride the tiger, you can never get off it. Today JSW Cement is riding the tiger.'
Watch @TheJSWGroup Chairman & Managing Director @sajjanjindal speak at the listing of his son, @ParthJindal11โs venture @JSWCement
From remembering the advice he gave to his son, to how he and his brothers convinced their father, OP Jindal, for the need to list their companies on stock exchanges, Sajjan Jindal recalls several anecdotes in his address #Watch
#SajjanJindal #ParthJindal #Jindal #JSWCement #IPO #Listing #CNBCTV18Digital