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Twitter has taken in what, $160m in funding over 5 rounds. Thanks to liquidation preferences, it is probably a safe bet to say that if Twitter gets sold in 1 ye
by dnsworks 16y ago
Twitter has taken in what, $160m in funding over 5 rounds. Thanks to liquidation preferences, it is probably a safe bet to say that if Twitter gets sold in 1 year for $5bn, an employee who started yesterday would see enough to put a down payment on a studio condo in Fresno.
A friend who has worked there for a while saw like 15 basis points. This was before the $100m in funding. I'd be surprised if someone were to see 1/5th of that now.
Perspective? Google took in like $25m before their IPO.
- andyjdavis 16y agoI would think that after so many rounds of funding liquidation preferences would make a massive difference. Guessing that the various VCs have made sure they get paid a nice big return on their investment first. Whatever is left is then eaten up as you move down the food chain of preferences paying people what they're owed. Eventually you reach the last in line, the rank and file employees. By that point there may well be little or no money left. It all depends on the terms of the funding and the theoretical sale price. In summary, I don't know.