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How does Vested plan to expand its TAM and enter into adjacent business lines?
Dave Thornton
co-founder of Vested
There is so much runway within this market that focusing on this market and not getting into adjacencies where we don't have deep subject-matter expertise is probably the smartest way to expand for a while.
Depending on who you want to quote, 50% to 80% of options go up in smoke at the end of the 90-day post-termination exercise window. That's tens of billions of dollars by itself per year alone. There are ten times more current employees than there are ex-employees. Then you've got the founder and the preferred part of the stack. My sense is we've got years and years of hypergrowth-level runway just within the cap stack itself. We shouldn't be thinking too hard about adjacencies that would require a learning curve until our current growth rates slow down.