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THE PRIVATE equity backers of Scottish technology business FanDuel have completed their boardroom coup by ensuring that none of the firm’s founders or employees
by protomyth 8y ago
THE PRIVATE equity backers of Scottish technology business FanDuel have completed their boardroom coup by ensuring that none of the firm’s founders or employees will be able to share in the proceeds of its impending sale to Paddy Power Betfair.
That's slightly more people than just the founders. I'm sure the employees were expecting some compensation.
- barbegal 8y agoIn a company which isn't generating a profit such as FanDuel employee equity is pretty much worthless. If you get offered equity in a startup you should value it at nothing unless the financials are very solid and the employees between them have a sizeable stake such that their interests are well represented at the board level.
- protomyth 8y agoI was commenting on a headline that could of added two extra words and conveyed that this isn't just a founder problem but something that has affected all of the employees also.