Jensen is liquid. As odious as the precedent is, he can pay it. His competitors, startup founders, are illiquid. Their paper valuations can't be cashed in. Even a "five year payment plan" wipes them out. Clever framing designed to normalize the estate tax as an annual thing.
Founders cannot outsource recruiting. “Recruiting is the most important thing because you need creativity; you need motivated people. Ideally, the early people are all geniuses. They’re self-managing, low-ego, hardworking, highly competent, builders, technical—maybe one or two sellers—but you can’t watch everything....