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I see one of the founders of Playdom is a co-founder here. One of the criticisms I heard about Playdom is that they completely fucked over early employees with
by pfarnsworth 9y ago
I see one of the founders of Playdom is a co-founder here. One of the criticisms I heard about Playdom is that they completely fucked over early employees with very few options. For example, when Playdom exited for $600M, employees in the 30-ish range only made about $30,000 in Disney stock, whereas the founders made $100M+. Is this true and would this be the same case with Brava as well?
- jconley 9y agoI don't know anything about that situation but I, and at least a half dozen others here, were Playdom/Disney employees. I feel I did just fine in the Disney acquisition.
- pfarnsworth 9y agoOkay thanks for the answer. I know two people who were early employees at Playdom and they both got fucked, and they both said that most people left with a disproportionately small exit, unlike companies like Facebook or Google that were more generous with their employee stock options. This would be my biggest concern with a company like Brava so caveat emptor.
- nl 9y agoI don't know anything about this company, but I'd note there is a huge (huge!) difference between a 600M exit and floating on a public market. That's the risk with options: unless you are one of the first 5 employee's it is rarely a life changing amount of money, even in a decent exit.
- jconley 9y agoAs a fun aside, Disney stock has roughly tripled since the acquisition in 2010.... https://finance.google.com/finance?q=NYSE%3ADIS&ei=jrzSWcCRD8ihjAHk3KvgDA https://finance.google.com/finance?q=NYSE%3ADIS&ei=jrzSWcCRD...