Coming up01:12 Intro and welcome, Sandeep02:05 Bengaluru vs. NCR, IPO clusters & real-estate prices05:12 ESOP value creation: Public vs. Private markets12:13 Longevity in wealth creation17:42 ESOPs are liquidity-driven21:24 Salary vs. Salary + ESOPs31:28 ESOPs aren’t free money for the company37:42 Wealth can be created in the later stages of a company40:41 Not all ESOP policies are equal48:28 Founder’s mental model for ESOP allocation55:06 ESOP wealth isn’t just for the earliest joiners1:04:01 Flipkart created wealth, then created wealth creators1:07:01 Concluding thoughts