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Even 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
by ryanSrich 7y ago
Even 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.