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Buffer's Equity Formula and Full Individual Breakdown (2014)
- bagels 8y agoHere's the 2019 version. https://docs.google.com/spreadsheets/d/11s9VSyf4yaYUsqBKLaVH78NL8wdl8gXoj5BGAzjIFuc/edit#gid=671465451 https://docs.google.com/spreadsheets/d/11s9VSyf4yaYUsqBKLaVH...
- ummonk 8y agoIs it just me or does the engineer to non-engineer pay ratio seem unusually low?
- brianwawok 8y agoYou think its normally bigger or smaller? My guess with pay in the open is the gap is smaller, as more info favors those making the least.
- ummonk 8y agoYeah, I think the gap here is a lot smaller than normal.
- sk5t 8y agoThis appears to cover salary, but what has happened to the "Open Equity" information?
- toomuchtodo 8y agoReally impressed with how much customer advocates are paid and their division of equity. Kudos Buffer.
- jdavis703 8y agoIt seems pretty risky to go out telling non-accredited (and likely naive) investors how much money they could make. While all the employees getting access to this equity are “insiders,” this seems like it could come back to haunt them if an unfortunate situation such as a fire sale acquihire occurs.
- jasondelta 8y agoThe acquisition scenarios are definitely misleading. Employees love to take future acquisition values and multiply it by their current equity stake, but it's just 100% incorrect because it ignores future dilution from subsequent rounds of investment, liquid preferences by investors, settlement of outstanding debts, etc which will absolutely reduce their cut. Now it's one thing for employees to personally delude themselves, but it's just flat out wrong for the company to tell its employees what they can expect to make in different exit scenarios. The company is definitely opening itself up to litigation when, say, Employee 12 (0.5% equity currently) only gets something like $1M after a $600M acquisition, instead of the $3M you promised.
- conanbatt 8y agoIt would be so easy to price the stocks if they could be traded in the open market. Professional traders and collective-behavior would solve this for everyone.