3 ms·
Joined as employee #2 of a startup. Over the years, accumulated about 1.9% of the company shares. At one stage, the company was valued at ~$300M. Several buyers
by sideproject 5y ago
Joined as employee #2 of a startup. Over the years, accumulated about 1.9% of the company shares. At one stage, the company was valued at ~$300M. Several buyers approached over the years, the chairman only wanted to sell at a ridiculous near $1B. So it never got sold. Several in-fightings, layoffs and a few years later, we exited with $18M acquisition.
- cfontes 5y agoOh man, that hurts. As much as when I rejected an early position and at least 1% of a company that is now worth $1 B, because they demanded me to shut down a website I had at the time that was remotely related to their business and doing well ( I was super proud of it, we where getting some news coverage locally and even offers to sell) I would probably have joined if it was not for that demand, I think. The most expensive thought of my life was "those fuckers will not tell me what to do". I don't regret it, since it led me to the best part of my life after that site was eventually shut down 3 years later, but man... Sometimes late at night, alone over a drink, it comes back and bites.
- bluefirebrand 5y agoI think the software industry might be a lot better to work in if we collectively thought "These fuckers will not tell me what to do" more often.
- moharoune 5y agoHow much money you ended up with in cash ? Is it as straightforward as $18m×0.019 = $342k ?
- lmm 5y agoNot necessarily, later investors may have liquidation preferences that would reduce it, potentially even to zero.