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> Started with 15% but got diluted to 1% after several rounds of funding including down rounds. haha WOW oh my god, and the software engineers getting a fracti
by gammateam 8y ago
> Started with 15% but got diluted to 1% after several rounds of funding including down rounds.
haha WOW oh my god, and the software engineers getting a fraction of a fraction of a percent and being "reassured" that its a generous offer!
https://www.youtube.com/watch?v=I6IQ_FOCE6I https://www.youtube.com/watch?v=I6IQ_FOCE6I
- hn_throwaway_99 8y agoWhile I don't disagree with your comment much (if the technical cofounder was diluted down to 1%, guessing pretty much all employees received well under $100k), it's weird that you linked to that "tech bubble" video from 2007. If anything, Peter Thiel was exactly right, and he understood that winner-take-all tech leaders would become insanely valuable. That video is arguing 2007 Facebook was a bubble at a $15 billion valuation. It's worth $470 billion today.
- gammateam 8y agothe video is linked for the "pay developers a fraction of a fraction of a pie" line in the catchy song extremely relevant and the 2007, in italics for emphasis, is irrelevant ... or is it timeless Peter Thiel? yeah I'm going to go with "'Missed the Point', for $10,000"