3 ms·
Would you guys be really happy to make $258K from a startup sale? I don't think I would be that excited. Once you subtract all the fees, taxes, investors share,
by rorrr 16y ago
Would you guys be really happy to make $258K from a startup sale? I don't think I would be that excited. Once you subtract all the fees, taxes, investors share, you're left with maybe $150K. Then you split it among team members, and you end up with something you can make doing a regular job in like a year.
Yes, it's fun and independent, but I think if you're taking a risk of creating a startup, it should be at least rewarded with a nice sum of money when you sell it.
- nickconfer 16y agoYou have to keep in mind their situation. They wanted to go another route, knew they had good ideas, but also wanted to make sure they took care of their investors who supported them. I think its a very honorable thing. No one was likely too happy, but things had changed quickly. Google Calendar made that space very difficult.
- justin 16y agoLooking back, of course it isn't a lot of money, especially when you consider how well justin.tv is doing and that we have raised millions in VC since then. However, consider that we were thinking we would get nothing initially and would have been happy to get 50k. And that the whole thing jumped 200k in the course of a few hours. I think you'd be excited too ;)