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Now maybe his co-founder will leave, and the founders of Digg will be so impressed that they invite him to be a co-founder--on equal terms.
by forgotmylastone 19y ago
Now maybe his co-founder will leave, and the founders of Digg will be so impressed that they invite him to be a co-founder--on equal terms.
- palish 19y agoOh, give it a rest. At least Aaron's still creating value even though he's already rich. He could just sit by the pool all day.
- bluishgreen 19y agoHe could have or he could waste his time. He chose the later and why is that impressive?
- deleted 19y ago[deleted]
- electric 19y agoThat really was the deal of a lifetime. No vesting needed -- here's a third of the equity upfront. w00t!
- pg 19y agoThat's how any merger works.
- thomasptacek 19y agoNo, it isn't.
- alaskamiller 19y agoyou called out pg. the universe is now collapsing.
- pg 19y agoIn a true merger, you can't have vesting for the people from just one of the incoming companies, as you might if you were hiring someone or doing an acquisition. The reddits would have had to make their own stock vest in order to make Aaron's.
- thomasptacek 19y agoCan I ask why they would have had to do that?
- electric 19y agoIt surprises me that the co-founders of reddit did not have a vesting arrangement in place in case one of them decided to drop out halfway for whatever reason well beyond their control. It's good that things worked out well for them. Did Aaron bring anything to the merger other than his future effort -- like some code that was ready to drop into reddit?
- moonman 19y agoWhat universal business maxim dictates that? As long as everyone agrees to the conditions of the contract before being signed.