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The original founders sold the site for $1.8 Billion.

shagie 3y ago
That was in 2021. https://stackoverflow.blog/2021/06/02/prosus-acquires-stack-overflow/ https://stackoverflow.blog/2021/06/02/prosus-acquires-stack-... Joel left in 2019 https://twitter.com/spolsky/status/1111267189133316097 https://twitter.com/spolsky/status/1111267189133316097 Jeff left in 2012 https://blog.codinghorror.com/farewell-stack-exchange/ https://blog.codinghorror.com/farewell-stack-exchange/ I'm not sure that it is fair to say that the original founders sold it for that amount.
- firesteelrain 3y ago
  [flagged]
  - jraph 3y ago
    I didn't know, what can I read about this?
    - firesteelrain 3y ago
      https://hub.packtpub.com/developers-dont-belong-on-a-pedestal-theyre-doing-a-job-like-everyone-else-april-wensel-on-toxic-tech-culture-and-compassionate-coding-interview/ https://hub.packtpub.com/developers-dont-belong-on-a-pedesta...
      - abeyer 3y ago
        What? How do you justify declaring a person as a whole "super toxic" with only a link to an interview citing a link to a blog post including "Things like… hyper-competition… an over focus on aggressive competition… things like zero sum thinking" when: * the post is about interviewing which mostly is, for better or worse, a competitive zero-sum process. * the post is more than a decade old (then, more like two now.) * the post is written by someone else. I have no opinion on the guy one way or the other, and he may in fact be toxic, but that's hardly compelling evidence.
        firesteelrain 3y ago
        I linked to one article. You are free to find your own. I was part of Stack Overflow in the beginning and experienced it first hand back then
- gurjeet 3y ago
  It's possible that they had equity in the company after they left.
  - shagie 3y ago
    They probably had some nice checks written with their name in the "pay to the order of"... but they weren't the ones doing the selling, negotiating the price, or having any say in it more than any other shareholder (weighted by the shares and voting status) would. To that end, with their various rounds of funding ( https://www.crunchbase.com/organization/stack-overflow/company_financials https://www.crunchbase.com/organization/stack-overflow/compa... ), they likely had very little say in any of it after that series E ( https://stackoverflow.co/company/press/archive/series-e https://stackoverflow.co/company/press/archive/series-e ) which is after Jeff and Joel had left and likely diluted any value they had substantially.

That was in 2021. https://stackoverflow.blog/2021/06/02/prosus-acquires-stack-overflow/ https://stackoverflow.blog/2021/06/02/prosus-acquires-stack-... Joel left in 2019 https://twitter.com/spolsky/status/1111267189133316097 https://twitter.com/spolsky/status/1111267189133316097 Jeff left in 2012 https://blog.codinghorror.com/farewell-stack-exchange/ https://blog.codinghorror.com/farewell-stack-exchange/ I'm not sure that it is fair to say that the original founders sold it for that amount.

firesteelrain 3y ago
[flagged]
- jraph 3y ago
  I didn't know, what can I read about this?
  - firesteelrain 3y ago
    https://hub.packtpub.com/developers-dont-belong-on-a-pedestal-theyre-doing-a-job-like-everyone-else-april-wensel-on-toxic-tech-culture-and-compassionate-coding-interview/ https://hub.packtpub.com/developers-dont-belong-on-a-pedesta...
    - abeyer 3y ago
      What? How do you justify declaring a person as a whole "super toxic" with only a link to an interview citing a link to a blog post including "Things like… hyper-competition… an over focus on aggressive competition… things like zero sum thinking" when: * the post is about interviewing which mostly is, for better or worse, a competitive zero-sum process. * the post is more than a decade old (then, more like two now.) * the post is written by someone else. I have no opinion on the guy one way or the other, and he may in fact be toxic, but that's hardly compelling evidence.
      - firesteelrain 3y ago
        I linked to one article. You are free to find your own. I was part of Stack Overflow in the beginning and experienced it first hand back then
gurjeet 3y ago
It's possible that they had equity in the company after they left.
- shagie 3y ago
  They probably had some nice checks written with their name in the "pay to the order of"... but they weren't the ones doing the selling, negotiating the price, or having any say in it more than any other shareholder (weighted by the shares and voting status) would. To that end, with their various rounds of funding ( https://www.crunchbase.com/organization/stack-overflow/company_financials https://www.crunchbase.com/organization/stack-overflow/compa... ), they likely had very little say in any of it after that series E ( https://stackoverflow.co/company/press/archive/series-e https://stackoverflow.co/company/press/archive/series-e ) which is after Jeff and Joel had left and likely diluted any value they had substantially.