4 ms·
Pretty sure 7 figures would be a massive failure in that case
by hcks 2y ago
Pretty sure 7 figures would be a massive failure in that case
- Retric 2y agoFounder’s don’t keep a high percentage of the company through multiple rounds of funding, employee stock options and YC prefers multiple founders. Zuckerberg had 28% of Facebook at IPO but the other 4 founders had far less of a stake. Sub 10% of 1 billion is 7 figures.
- fairity 2y ago> Sub 10% of 1 billion is 7 figures 8 figures, not 7
- deleted 2y ago[deleted]
- Retric 2y agoI meant sub 10% of 28%, which is what the other FB founders got but you’re right that could be low 8 figures even after taxes. Except you also take a pay cut for several of those years so your benefit from a billion dollar IPO over non startup really can be 6 figures if you’re not the CEO.
- Retric 2y ago* can be 7 figures if you’re not the CEO. Though obviously if the unicorn is worth 20B things look vastly better even with a 2% stake.