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The math that you did in the Square IPO thread was completely and totally wrong. Any conclusions you drew from your results are based on a false understanding o

• kzhahou 11y ago
  Ok, please post the correct math, then we can compare and see who got closer. Jack's percentage is spelled out in the S-1, along with the top execs, directors, and investors. If you have any better data, including median equity and other percentiles for non-founders, that'd be very useful. Thanks.
  • harryh 11y ago
    The "13 people" you thought owned 61.5% of the company were VCs who did not own those shares as individuals but as managers of their VC funds.
    • kzhahou 11y ago
      I didn't mention exec/directors in my original comment above, only Jack at $1.5B and average employee at $300K. Which of those is totally and completely wrong, and why? Are you saying that employees retained the full remaining 38.5% ?
      • harryh 11y ago
        Yes, you have massively miscalculated the % of the company owned by employees. On a further note, even once you get that number right, it silly to talk about the average employee stake from that number. You're dealing with a power law here where talking about an average makes very little sense.