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So the screw over was that the company fetched 5 million instead of 10? Assuming a 3-way split, 1.66 million versus 3.33 million each? He had to take a least a
by petermcbeater 10y ago
So the screw over was that the company fetched 5 million instead of 10?
Assuming a 3-way split, 1.66 million versus 3.33 million each? He had to take a least a million dollar hit in that scenario, or did Facebook give him something else besides a job? Is a job at Facebook worth over a half a million dollars?
- dsacco 10y agoAt level ~E5/E6 in New York or California, yes.
- petermcbeater 10y agoI messed up my comment, supposed to read "over a million and a half" I could see ~500k MAYBE but 1.5million....
- zem 10y agomore to the point, is the difference between a job at facebook now, and taking a job at twitter for a few years before possibly joining facebook if he still wanted to, worth half a million dollars? it definitely wouldn't be to me, but then again he seemed to have a strong "facebook is the future; i need to be there" feeling that i have a hard time relating to.
- hota_mazi 10y agoYou're forgetting the investors, who get the lion share. A $5M acquisition means pocket money for the founders.
- rf1331 10y agoIn the book, it explains that the pre-ipo stock he was granted at FB was approximately equivalent to what he would have gotten from the Twitter acquisition.