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? As founder he held common stock, which would be worthless now.
by kobeya 10y ago
? As founder he held common stock, which would be worthless now.
- JonFish85 10y agoThere are lots of ways around that. His stock is worthless, sure, but he probably has something else, whether it's a huge retention bonus (cash or Fitbit stock, which is public and can be sold), an executive-level salary at Fitbit, or some combination of the two. There's also the possibility that he sold some of his equity to investors for cash earlier on. EDIT: I was wrong, he is joining YC. Thank you for pointing that out kobeya.
- kobeya 10y agoHe's not at Fitbit. He's joining YC.