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I think the issue here though is the MC founders repeatedly used "we will never sell" as their justification for not offering equity.
by sam0x17 5y ago
I think the issue here though is the MC founders repeatedly used "we will never sell" as their justification for not offering equity.
- invalidname 5y agoPeople are allowed to change their minds. They did negotiate a pretty big employee compensation package as part of the deal. So I think OP was just trying to get a clickbait title and ride on the backs of those founders.
- sam0x17 5y ago> People are allowed to change their minds. But that doesn't make it ok when you specifically say you won't and use that as a justification for your actions many, many times in public. Title doesn't seem sensationalist at all.
- Igelau 5y ago> People are allowed to change their minds. This is absolutely right, though sometimes it pisses people off when you do it.
- majani 5y agoI'm sure when they were coming up with that statement, they had never in their wildest dreams imagined that a 12 billion dollar offer would ever be on the table. There is not a single human being on earth who can turn down that kind of money.
- sam0x17 5y ago> There is not a single human being on earth who can turn down that kind of money Unfortunately for all of us there are a handful of people who, due to their own wealth, certainly can.
- cascom 5y agoSure it was the justification, but it makes zero sense as a justification. I’m not saying they should have offered equity, but I think logic is completely flawed and am surprised people bought into that logic.