3 ms·
Biggest surprise on the S1: CPO who joined exactly 1 year ago was given 2M shares, currently valued at $750M.
by tfang17 6y ago
Biggest surprise on the S1: CPO who joined exactly 1 year ago was given 2M shares, currently valued at $750M.
- thundergolfer 6y agoSnowflake’s CEO, Frank Slootman, made a similarly insane amount of money on IPO after being at the company for 18 months. I think he got given what became over $1 billion worth.
- fshbbdssbbgdd 6y agoIf these execs with fancy credentials make investors trust the company more, and then the investors give the company an eleven-figure valuation, it’s not hard to argue the execs contributed 1% of the share price. It’s a better deal than the SPACs, where the big name gets 5% of the equity for doing even less.