4 ms·

EDIT: Of course my whole calculation was wrong. Well, it first seemed low to me as well. But 0.01% of one million is ten thousand, which doesn't sound that ba

by 4ggr0 6y ago

EDIT: Of course my whole calculation was wrong. Well, it first seemed low to me as well. But 0.01% of one million is ten thousand, which doesn't sound that bad. One million also seems low for a successful company. The same offer would give you ten billion at apple. Disclaimer: I am not good at math and I don't understand stocks, equity etc. So maybe I am completely wrong.

adwn 6y ago
> But 0.01% of one million is ten thousand 1,000,000 USD * (0.01 / 100) = 100 USD, not 10,000 USD. The company would have to be worth 100M USD for 0.01% to be worth 10,000 USD. > Disclaimer: I am not good at math [...] Indeed ;-) But don't worry, many a great engineer has made worse mistakes when it comes to shifting the decimal point.
- 4ggr0 6y ago
  Ah damn, you see, that's how incapable I am with maths :D I just calculated one million * 0.01 and thought that'll be it. Thanks for correcting me, seems like 0.01 isn't that much after all. Fortunately my job does not require math skills, so at least I am no danger to society :D