I found the ‘founder deployment by end-2026’ the hardest to set. It comes a bit as a surprise at the end, as I was already taking into account some considerations before, and the descriptions seem to do as well (e.g. “assets after lockups, taxes, sale timing”, and “execution delays”).
Biggest (easily-fixable) outstanding issue is I still don’t think it makes sense to model deployment by end-2026 because the IPO lockup probably won’t have ended by then.
I found the ‘founder deployment by end-2026’ the hardest to set. It comes a bit as a surprise at the end, as I was already taking into account some considerations before, and the descriptions seem to do as well (e.g. “assets after lockups, taxes, sale timing”, and “execution delays”).
I submitted an estimate
Biggest (easily-fixable) outstanding issue is I still don’t think it makes sense to model deployment by end-2026 because the IPO lockup probably won’t have ended by then.
having a think about this.
OK I think the revised language makes it clerer (see updated version of site … referring to ‘timing gate’ etc)