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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.
by 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 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.