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Do the early employees get a huge payout on their options?
by eerrt 7y ago
Do the early employees get a huge payout on their options?
- lowercased 7y agoPerhaps they'll just get visa gift cards... ;)
- ryanSrich 7y agoEven if they had really shitty agreements I bet they'll see something substantial. Reports are saying it was a 5.3 billion purchase price. That's a lot of money for 400 employees.
- alecbenzer 7y agoHaving 400 employees doesn't say much about how equity is distributed, though. E.g., (made up numbers, I know nothing about Plaid's comp specifically) if an employee gets 1 basis point over 4 years, that's 0.01% * $5.3 billion / 4 = $132,500, which combined with a startup salary might land you at around Google L4.
- harryh 7y agoUnless plaid's equity structure was very unusual, early employees (at least in engineering) certainly received much much more than 1 basis point.
- alecbenzer 7y agoSure, but what's early? I don't think it's unheard of to get to O(1 basis point) at 100s of employees. I've seen an offer at a ~50 person company for 1-2 basis points.
- shamir 7y agoThe early employees will get millions of dollars. This is 1)an unreasonably large amount of money for anybody to make or 2)nothing compared to the billions that the founders and venture investors will make.