5 ms·
As an employee, you definitely wanted to be at the company when it was purchased since 48 million was earmarked for the soon to be google employees. It sucks i
by johnrob 16y ago
As an employee, you definitely wanted to be at the company when it was purchased since 48 million was earmarked for the soon to be google employees.
It sucks if you're someone who had left the company recently (especially if you paid money to secure your options)... there is something rather backhanded about this kind of dealing. Arrington alluded to it during YC's angel conf, but from an investor's perspective. In this case it can affect employees as well.
I suppose this is the nature of private companies. The controlling parties can really do whatever they want, including diluting you out of the picture or (in this case) laundering value into employee retention plans.
- dnsworks 16y agoRepeat after me, "I will never make any money beyond a salary working for somebody else. My only chance at striking it rich is by being a founder in my own company, or getting lucky in the lottery (or (casino, inheritance, getting run over by Jason Calcanis' Tesla, etc)." Every once and a while there's a statistical outlier like Youtube where employees actually cash out with enough money to feel like they're not poor in San Francisco. I think Youtube was the last one, in what, 2005?