3 ms·
> If you wanted to build something bigger than yourself, work with great people, feel accomplished, then why sell? How is that few mill going to get you those t
by heleninboodler 3y ago
> If you wanted to build something bigger than yourself, work with great people, feel accomplished, then why sell? How is that few mill going to get you those things?
It's possible that the founders felt they had accomplished this, and after spending 15 (?) years running it, were ready to move onto something else. I've sure as hell never stayed at the same job for 15 years. I'd go nuts.
They may have also felt some obligation to early investors, often who are friends and family or early employees, to get them a nice return.
- sitkack 3y agoThen sell it to the employees who have a vested interest in maintaining it.
- heleninboodler 3y agoYou're expecting a group of startup employees holding illiquid stock to come up with the cash necessary to buy the finders out on a company that could otherwise sell for (apparently) $273 million?
- sitkack 3y agoSure, depends on how you structure it. They had what, 400 employees, so 675k per employee.