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No dividend. Not intended to be sold. The company is held only by the founders so we can control its progress and ensure it becomes the company we envisaged.
by mst 18y ago
No dividend. Not intended to be sold.
The company is held only by the founders so we can control its progress and ensure it becomes the company we envisaged.
Our employees believe in that dream. Since there's no monetary value to having equity, they don't care that they don't have any. They do, however, make more than I do.
As for "well give it out anyway, they could always sell it" I refer to the point of "becomes the company we envisaged" and what happened to craigslist.
I never said our model was common. I never said it was wise for the majority of companies, or even viable. But it -does- work for us.