ESOP not

You have to laugh … all the incubators and small investors really thought the bureaucracy was going to implement a useful new startup ESOP scheme.

After spending skads of useless time with the bureaucrats they are now bitterly disappointed with what they are going to get.

And they seem surprised too!

It doesn’t surprise me. There’s two negative forces at work here;

Treasury and the ATO, desperate not to make any loophole bloopers.

And the rest, a combination of disinterest, envy and incompetence.

Oh well, I will stick to my zero-value reverse-vesting common stock offerings. I don’t in fact have an issue that needs fixing.