In 2015, Uber felt like the safest growth-stage in heydays of mobile internet frenzy, RSUs offered ~$50/share, every FAANG friend took the offers felt like a no-brainer hop
11yr later share price ~$75, 1.5x from the offers back then..
Now big ai labs offers are priced with trillion-dollar outcomes as the base case. That massive chasm between perceived wealth and realized wealth is exactly the mispricing between primary and secondary markets