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So what is the true Sparrow story? Because it looks like the Sparrow guys simply cashed out. I'm sure the founders and investors got a nice return, and the rest
by macspoofing 14y ago
So what is the true Sparrow story? Because it looks like the Sparrow guys simply cashed out. I'm sure the founders and investors got a nice return, and the rest of the team, outside of stock options, got great salaries, and great retention bonuses. What else is there?
- danielpal 14y agoThats the problem. Probably investors didn't get the return they expected. Google bought sparrow's for the team, not the tech. So what likely happen is Google payed a small sum for Sparrow and instead gave huge sign-in bonuses to the team. Thus investors don't ge a huge return, the team does.
- Steko 14y agoI love how the "true sparrow story" is purportedly the one where the people who were already millionaires made a profit somewhat less then they had hoped.
- macspoofing 14y agoThat would be interesting. You can't totally screw over investors (you can screw them a little). Even if the founders hold majority shares the company needs to sell at a reasonable valuation. But you're right, I can see a scenario in which the founders supplemented their intake with the retention bonus (which is mostly likely in the 7 figure range) - and that would piss of investors.