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> I'm at a company that minted over a thousand millionaires, assuming they held onto their options. Okay, so that requires the company to be sold for at least
by speedplane 7y ago
> I'm at a company that minted over a thousand millionaires, assuming they held onto their options.
Okay, so that requires the company to be sold for at least $1B, the employees collectively own 100% of the company, and the stock is evenly distributed. Given the investor's share and uneven distribution among employees, for there to be 1000 millionaires, the company would have to sell for at the very least $5B (probably much more). There are only a handful of companies that have sold at that level, certainly not common.