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If the Lyft founders are entering the IPO with about 3.5% each, then I don't think it's crazy for 10th engineers these days to have less than a basis point.

• askafriend 8y ago
  That doesn't tell the whole story. There's a dual class share structure and even with the 7.5%, they retain majority control of the company.
  • kolbe 8y ago
    When you're talking about valuing their shares, yes, it does tell the whole story. They cannot transfer their extra voting rights, so if they're ever interested in monetizing their investment, they have to convert to limited voting shares to sell. And all we're talking about here is the monetary payout of working at a startup.
    • askafriend 8y ago
      > And all we're talking about here is the monetary payout of working at a startup Fair, I concede my point based on this premise.