83(b) Election

topic on 3 shows · 3 statements across 3 episodes

the Y Combinator Startup Podcast Lenny's Podcast My First Million

3 statements about 83(b) Election, every show

LENNY'S PODCAST Prediction Not checkable as stated
Weinstein: Stripe Atlas will cross 10,000 83(b) filings, 100% on time
“And again, by the time this podcast airs, we will have crossed 10,083 elections filed. And we will have done them all a 100% on time.”
Jeff Weinstein Jul 11, 2024 ▶ 2:05:54 Building product at Stripe: craft, metrics, and customer obsession | Jeff Weinstein (Product lead)
MY FIRST MILLION Assertion Supported
Nagpal: Skipping Section 83(b) election creates tax liabilities on rising valuations
“So very technically what the document means is it says I am, like, tax me on what the value is today. I'm choosing to be taxed up front. But if not for signing this, any time your company grows in valuation, you could theoretically be liable for taxes.”
Ankur Nagpal Jan 17, 2024 ▶ 15:34 $250M Founder Reveals How The Rich Avoid Taxes (Legally) | ft. Ankur Nagpal
Y COMBINATOR Assertion Supported
Kwon: 83(b) election filing deadline is strictly 30 calendar days
“And the time period from when the 83 B election, the 30 day period that you have to make the filing, it starts from the day that you actually buy the stock. So that is a hard deadline. It includes calendar days. It's not a business day period. And if you miss …”
Jason Kwon Aug 29, 2018 ▶ 27:02 Carolynn Levy And Panel (Jon Levy, Jason Kwon) - Startup Legal Mechanics · Y Combinator

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