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It's really interesting to see $100M+ exits that have resulted in trivial sums for founders and early employees after multiple rounds of dilution and/or VCs wit
by bmilleare 8y ago
It's really interesting to see $100M+ exits that have resulted in trivial sums for founders and early employees after multiple rounds of dilution and/or VCs with preferred shares taking home the spoils.
I have always optimised for salary although I can see why a young engineer with no dependants might opt for the gamble of a big payday instead, likely without really understanding their true chances.
Too much industry focus is heaped on 'unicorns' when these kind of companies really are a drop in the ocean.
- dunpeal 8y ago> It's really interesting to see $100M+ exits that have resulted in trivial sums for founders and early employees after multiple rounds of dilution and/or VCs with preferred shares taking home the spoils. My unscientific impression is that in 9 figure exits the founders typically do make money, because they typically retain enough equity even after significant dilution. However, I have heard of high 9 figure exits in which nobody but the founders and VCs made any significant money.