Like hundreds of farmers and citizens of rural towns perched on the slopes of Europe’s highest and most active volcano, the 41-year-old’s family has had to deal with the nuisance of falling volcanic ash for generations. But it is only in recent years that the quantity of ash has become so excessive that it required an alternative approach.
Such transactions have become increasingly common among private companies using liquidity as a retention tool. Recent examples include Stripe, which this week said it would allow employees to sell shares at a $159 billion valuation, as well as Clay, ElevenLabs, and Linear.
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Source: Computational Materials Science, Volume 267