3 ms·
>I wouldn't be surprised if the idea of grinding it out for another 4-5 years to grow from $1B to a bigger potential outcome was a lot less exciting to the pers
by jasode 10y ago
>I wouldn't be surprised if the idea of grinding it out for another 4-5 years to grow from $1B to a bigger potential outcome was a lot less exciting to the person with 10% fully vested than it would be to the person with 40%.
Your "grinding it out" phrase triggered another recollection about Facebook itself. Facebook had unequal splits[1] and Mark Zuckerberg had more shares than any of the other founders. I believe ownership was unequal in July 2006 when Yahoo offered to buy Facebook for $1 billion and Mark rejected the offer.[2] I'm not familiar enough with the timeline to know if the cofounders were still there and soldiered on after that point towards the 2012 IPO. Maybe they had contempt for MZ about their smaller piece of the pie and left early.
[1] http://whoownsfacebook.com/ http://whoownsfacebook.com/
[2] http://www.inc.com/allison-fass/peter-thiel-mark-zuckerberg-luck-day-facebook-turned-down-billion-dollars.html http://www.inc.com/allison-fass/peter-thiel-mark-zuckerberg-...