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Did Uber's sporadic liquidity events cause employees to sell equity out of fear of missing out, and did this impact equity value?
Matthew Moore
Head of Design at Lime
Um, you know, I would actually say no for me, certainly other people. That is different, but for me, Mmm, yeah, probably the biggest, I would imagine the biggest driver of that is I want to buy a house or, you know, or I don't want to buy a house. Right. Like, I just remember that time when we did have these, you know, tender offers going on that with is a big thing for people.
Andy for me, you know, me and my wife, we were fortunate to be able to buy a house in 2014. And that was kind of before things got super crazy in the Bay area, there were already a little crazy, but it was still like manageable at that time. And so I didn't have that pressure where I was like, Oh, I need this big chunk of cash to do this thing.
And so, yeah, going back to what I was saying about, I just felt like we hadn't tapped out where we were going to be from a evaluation perspective. And so I was like, yeah, let's keep, keep a bunch of skin in the game and yeah. Who does that? Like, that was not the right decision, right? Like, The most rational thing would have been maximize selling if you know that these prices, which, you know, frankly are, you know, right around, if not more than what, um, Uber's traded for apparently.
And so, yeah, for me, I didn't feel that pressure it's a diverse, but at that time, or, you know, take out money to do a big purchase. But like I said, there were a lot of people that, that was a big thing. Like, Oh, I won't buy a house or I want to do this or that. Um, So, yeah, I don't know. Does that answer your question?