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The latest news I can find shows the company he founded was planning to IPO at a valuation of $2.5billion. If one were to assume the founder owns 10% of the com
by techenthusiast1 4y ago
The latest news I can find shows the company he founded was planning to IPO at a valuation of $2.5billion. If one were to assume the founder owns 10% of the company (reasonable at IPO based on what I know), he would have made about $250 million in equity. [https://www.business-standard.com/article/companies/snapdeal-plans-350-400-million-ipo-eyes-valuation-of-up-to-2-5-billion-121090301040_1.html https://www.business-standard.com/article/companies/snapdeal...]
This is in addition to about $650k annual salary in India. [https://www.zeebiz.com/companies/news-snapdeal-co-founders-kunal-bahl-rohit-bansal-to-take-home-rs-5-crore-each-in-salary-in-2021-174197 https://www.zeebiz.com/companies/news-snapdeal-co-founders-k...]
This would be pretty much impossible even with a very successful career at Microsoft, short of becoming an SVP or the CEO.
- 2143 4y agoAlso, one can potentially do more with a given amount of dollars in India than in the US, because things tend to be cheaper in India. But, with the amount of money involved in this particular case I don't think any of that matters.