2 ms·
The question I wonder is this: Of the first 10 non-founding engineers—i.e. those who almost certainly took a salary cut in exchange for equity—how many will be
by xiaoma 10y ago
The question I wonder is this:
Of the first 10 non-founding engineers—i.e. those who almost certainly took a salary cut in exchange for equity—how many will be able to retire off of an upcoming multi-billion dollar IPO?
Retirement is a very hazy metric, so let's say How many have at least 1/3 of a 1% stake? Remember these are the people were with the company at its most fragile time and this is a massive success.
I have no insider information, but based on what I know of other YC companies thus far, I'd say that the founders almost certainly have double digit percentages and that less than half of the first 10 engineering hires have even a third of one percent.
On a related note, I wish Andrew Mason a roaring success with his post-Groupon endeavors.