4 ms·
Most employees probably made some money, just not very much. Early employees would be lucky to get options worth 10-20bps of the company, so assuming $800M was
by tempsy 3y ago
Most employees probably made some money, just not very much.
Early employees would be lucky to get options worth 10-20bps of the company, so assuming $800M was distributed to shareholders after accounting for 1x liquidation preference that might only be $800k-$1.6M before accounting for dilution for the very earliest employees, and a lot less for everyone else.