6 ms·

GitHub's first employee owns more than 1% of the company, so I'm not sure why it's unrealistic. Maybe in the world of businesses letting VC's tell them how to r

by pjhyett 16y ago

GitHub's first employee owns more than 1% of the company, so I'm not sure why it's unrealistic. Maybe in the world of businesses letting VC's tell them how to run their company this is the norm, but it doesn't have to be.

dpritchett 16y ago
GitHub also brags about not taking outside funding, so it's a potentially better deal for them: http://news.ycombinator.com/item?id=1454597 http://news.ycombinator.com/item?id=1454597
rdl 16y ago
Name one company in the USA which didn't take outside funding and exited for more than 30mm usd?
- usaar333 16y ago
  I'm somewhat sure that would describe National Instruments (IPO'd at a $380M market cap)
  - rdl 16y ago
    Wow. I was secretly trying to get you to find an answer to one of Keith Rabois questions on quora. I forgot he qualified it as post 1999. Can you do that too? National Instruments is an amazing company...I was fortunate to get to use their products on some projects as a teenager.
    - usaar333 16y ago
      I'm not 100% positive on NI. I just recall that claim being made when I interned there and can't find any info suggesting otherwise. They IPO'd in 1995, btw.
- equark 16y ago
  Sas. Still private no funding, founder is worth 8 billion.
  - roel_v 16y ago
    Yeah, and how much of those do the employees get? Right.
    - nl 16y ago
      SAS has a profit sharing programming. That's often a better deal for employees. In SAS's case they pay up to $70,000 as a bonus, in Canada anyway: http://www.eluta.ca/top-employer-sas-canada http://www.eluta.ca/top-employer-sas-canada. Averages seem to range from $9000 to $32,000 (http://www.glassdoor.com/Bonuses/SAS-Institute-Bonuses-E3807.htm http://www.glassdoor.com/Bonuses/SAS-Institute-Bonuses-E3807...)
- jon_dahl 16y ago
  The first few hires often happen before VC funding is raised, right? And 2-3% for the first few employees isn't unusual amongst companies that later raise VC funding and make it big.

by pjhyett 16y ago

dpritchett 16y ago

GitHub also brags about not taking outside funding, so it's a potentially better deal for them: http://news.ycombinator.com/item?id=1454597 http://news.ycombinator.com/item?id=1454597

rdl 16y ago

Name one company in the USA which didn't take outside funding and exited for more than 30mm usd?

usaar333 16y ago
I'm somewhat sure that would describe National Instruments (IPO'd at a $380M market cap)
- rdl 16y ago
  Wow. I was secretly trying to get you to find an answer to one of Keith Rabois questions on quora. I forgot he qualified it as post 1999. Can you do that too? National Instruments is an amazing company...I was fortunate to get to use their products on some projects as a teenager.
  - usaar333 16y ago
    I'm not 100% positive on NI. I just recall that claim being made when I interned there and can't find any info suggesting otherwise. They IPO'd in 1995, btw.
equark 16y ago
Sas. Still private no funding, founder is worth 8 billion.
- roel_v 16y ago
  Yeah, and how much of those do the employees get? Right.
  - nl 16y ago
    SAS has a profit sharing programming. That's often a better deal for employees. In SAS's case they pay up to $70,000 as a bonus, in Canada anyway: http://www.eluta.ca/top-employer-sas-canada http://www.eluta.ca/top-employer-sas-canada. Averages seem to range from $9000 to $32,000 (http://www.glassdoor.com/Bonuses/SAS-Institute-Bonuses-E3807.htm http://www.glassdoor.com/Bonuses/SAS-Institute-Bonuses-E3807...)
jon_dahl 16y ago
The first few hires often happen before VC funding is raised, right? And 2-3% for the first few employees isn't unusual amongst companies that later raise VC funding and make it big.