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What's the lesson here? Notice how they all vested and then left. Once they are vested then they essentially are working for peanuts compared to what they alre

by vl 8y ago

What's the lesson here? Notice how they all vested and then left. Once they are vested then they essentially are working for peanuts compared to what they already have (nobody in the right mind is going to re-grant stock compared to acquisition amount). I don't see any surprises here.

giarc 8y ago
I would agree with your assessment for IG founders but perhaps less so with Oculus. For IG founders, after you've vested, you are just working on another photo sharing platform, albeit the largest one in the world. The Oculus founders are in a new product category, bring VR to the world. It's perhaps more glamorous, for lack of a better word.
twblalock 8y ago
There are plenty of people who made a bunch of money on an acquisition or an IPO and they are still working because they enjoy it. The story is that people like that are leaving Facebook because they don't like working there. It doesn't seem like other large tech companies have a similar problem retaining such people.
- rachelbythebay 8y ago
  Yep.
- 734786710934 8y ago
  Most founders of major acquisitions leave after a year or two. The founders of Instagram and WhatsApp were at Facebook for more than 5+ years. That's very rare.
- CyberDildonics 8y ago
  No one is talking about not working, he was talking about working for a tiny amount compared to what they have already made.
TaylorGood 8y ago
And with nine houses in California(1) alone, including one of the best oceanfront properties in Laguna Beach(2) bought for $30.8m thanks to Oculus, he is more than okay. (1) http://www.yolandaslittleblackbook.com/blog/2017/05/08/brendan-iribe-venice-californication-house-record-breaking/ http://www.yolandaslittleblackbook.com/blog/2017/05/08/brend... (2)http://www.yolandaslittleblackbook.com/blog/2016/06/23/brendan-iribe-spends-30-million-in-laguna-beach/ http://www.yolandaslittleblackbook.com/blog/2016/06/23/brend...

by vl 8y ago

giarc 8y ago

I would agree with your assessment for IG founders but perhaps less so with Oculus. For IG founders, after you've vested, you are just working on another photo sharing platform, albeit the largest one in the world. The Oculus founders are in a new product category, bring VR to the world. It's perhaps more glamorous, for lack of a better word.

twblalock 8y ago

There are plenty of people who made a bunch of money on an acquisition or an IPO and they are still working because they enjoy it. The story is that people like that are leaving Facebook because they don't like working there. It doesn't seem like other large tech companies have a similar problem retaining such people.

rachelbythebay 8y ago
Yep.
734786710934 8y ago
Most founders of major acquisitions leave after a year or two. The founders of Instagram and WhatsApp were at Facebook for more than 5+ years. That's very rare.
CyberDildonics 8y ago
No one is talking about not working, he was talking about working for a tiny amount compared to what they have already made.

TaylorGood 8y ago

And with nine houses in California(1) alone, including one of the best oceanfront properties in Laguna Beach(2) bought for $30.8m thanks to Oculus, he is more than okay. (1) http://www.yolandaslittleblackbook.com/blog/2017/05/08/brendan-iribe-venice-californication-house-record-breaking/ http://www.yolandaslittleblackbook.com/blog/2017/05/08/brend... (2)http://www.yolandaslittleblackbook.com/blog/2016/06/23/brendan-iribe-spends-30-million-in-laguna-beach/ http://www.yolandaslittleblackbook.com/blog/2016/06/23/brend...