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Total funding on Speedera was $51M. So assume a liquidation preference takes at least $51M off the top. He was an engineer and not a founder or an exec. So yeah
by CalChris 9y ago
Total funding on Speedera was $51M. So assume a liquidation preference takes at least $51M off the top. He was an engineer and not a founder or an exec. So yeah, I’ll take him at his word. He probably didn’t clear anywhere near a $1M.
https://www.crunchbase.com/organization/speedera-networks https://www.crunchbase.com/organization/speedera-networks
- frenchie14 9y agoThe article states he was a co-founder and the crunchbase page has two other cofounders
- CalChris 9y agoTypical engineer not getting enough credit and probably not enough stock. Sounds like the real deal as an engineer though. http://www.d.umn.edu/external-affairs/homepage/12/swildens.html http://www.d.umn.edu/external-affairs/homepage/12/swildens.h...
- frenchie14 9y agoFrom the sounds of it, he wasn't "a typical engineer with not enough stock." He lives in Los Altos Hills. The cheapest house for sale on Zillow right now is $5.5 M [1]. This guy made out just fine [1] https://www.zillow.com/homes/for_sale/Los-Altos-Hills-CA/pmf,pf_pt/32578_rid/pricea_sort https://www.zillow.com/homes/for_sale/Los-Altos-Hills-CA/pmf...
- joshuamorton 9y agoWikipedia and Bloomberg also list him as a cofounder, CTO, and VPE. Oddly there appears to have been another cofounder who was also CTO, but I expect that he got a good payday.
- dougb 9y agoThe 'ERA' in 'Speedera' was from the first letter of first name of each of the founders, Eric Swildens, Rich Day, and Ajit Gupta.