Industry

Missed Nvidia options in 1996 now worth $1 billion

A former early technical adviser to Nvidia said a document discrepancy over stock option vesting terms caused him to miss shares now worth about $1.03 billion. Eric Gullichsen said he discovered in 2024 that vesting terms Nvidia provided in 1996 differed from a signed option grant document he disclosed. He said only 15,625 of 25,000 options were treated as vested, leaving 9,375 unexercised. He later dropped legal action.

Industry

Kim Bong-jin says Tada incident left psychological barrier to innovation, calls for startup regulatory reform

Kim Bong-jin, founding chair of the Korea Startup Forum and founder of Baemin, said the Tada incident left entrepreneurs with a psychological barrier to building innovative services. Former and current forum chairs, marking the group’s 10th anniversary, called for improvements to the startup regulatory environment, including a shift to negative regulation and the creation of a fair, open market for competition. They also urged continued dialogue with government and parliament to improve systems.