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My understanding is that Evan's bonus was agreed upon years in advance when Snapchat turned down FB's various offers. The investors, represented by the board, w
by harryh 8y ago
My understanding is that Evan's bonus was agreed upon years in advance when Snapchat turned down FB's various offers. The investors, represented by the board, wanted him to go for a large, somewhat risky, IPO instead of taking a sure thing and incentivized Evan to do so.
- kuhhk 8y agoIf true, this should be in their S-1 SEC filing right?
- umeshunni 8y agoIt is in their S-1 (page 135): https://www.sec.gov/Archives/edgar/data/1564408/000119312517029199/d270216ds1.htm#rom270216_13 https://www.sec.gov/Archives/edgar/data/1564408/000119312517... What's interesting is that these execs, including the founder/CEO got renegotiated packages just before the IPO.