"No matter how paranoid or conspiracy-minded you are, what the government is actually doing is worse than you imagine." - - - William Blum

August 23, 2004

#1 hit when googling "lack of foresight"

From Today's GMSV:

If you're kicking yourself for sitting the Google IPO out, don't be too hard on yourself. There are plenty of other folks out there whose lack of foresight was far more profound than yours. Take Emily Cikovsky<<< who along with an associate once moonlighted for Google, preparing PowerPoint slides and speaking notes that co-founders Sergey Brin and Larry Page used to announce their first venture-capital funding. Brin and Page offered to pay Cikovsky in cash or options. Cikovsky chose cash; her associate chose options. Cikovsky went home with a check for $4000, her associate with options for 4,000 shares that after two stock splits are today worth $1.7 million. "Do I wish I'd had the shares? Yes," Cikovsky told the Wall Street Journal. But "what's always in the back of my mind is an IPO is never a guarantee ... and nine out of 10 start-ups fail."

You win some, you lose some. Still, $4,000 for preparing some slides and notes? Nothing to thumb you nose at. (I know, Will, a dangling proposition...)

Also, for something completely unrelated: This Video.

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