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I don’t have any inside information but according to Crunchbase SignalFX took in 178mm in investor money. This sale was approximately 6X that amount, so the in
by mathattack 7y ago
I don’t have any inside information but according to Crunchbase SignalFX took in 178mm in investor money. This sale was approximately 6X that amount, so the investors cleared any liquidation hurdles and the common stock employees should be made whole. At that point it’s just a matter of how generous the founders were, and how diluted the stock got over time. If some owned a tenth of a percent at the start and got diluted halfway in subsequent findings, they walk away with 500K.
- Trias11 7y agoWe don't know liquidation preferences, multipliers, etc. That said Splunk is generally deal with nice entities, not the ones who make their way up by screwing people around. So hopefully these execs are a good bunch too.
- mathattack 7y agoThere could be shady things but liquidation preferences aren’t ever 6x. More likely that the founders just kept most of the equity themselves.