2 ms·
I'm having a hard time seeing said employees as victims here. They knew they were getting pay and no equity. There was a "we don't intend to sell", but c'mon, 1
by esyir 5y ago
I'm having a hard time seeing said employees as victims here. They knew they were getting pay and no equity. There was a "we don't intend to sell", but c'mon, 12B is a ludicrous amount, and I'd be amazingly surprised if they didn't sell for at that point.
Now, if it ended here, I'd fully understand feeling stiffed and lied to. But mailchimp has about ~800 employees. a 500m pool is more than half a million per employee. That's a hell of a payout, considering the previously accepted stability and derisking.