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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,
by 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 agoThe "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 agoI 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 agoYes, 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.