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Considering Marco left Tumblr a year before [1] they raised their last $85M round at $800M valuation [2] do you you think it realistic/possible that he had 1/8t
by dmor 13y ago
Considering Marco left Tumblr a year before [1] they raised their last $85M round at $800M valuation [2] do you you think it realistic/possible that he had 1/8th the company after that deal?
[1] http://techcrunch.com/2010/09/21/marco-arment-instapaper/ http://techcrunch.com/2010/09/21/marco-arment-instapaper/
[2] http://techcrunch.com/2011/09/26/tumblr-raises-85-million-round-from-richard-branson-vcs/ http://techcrunch.com/2011/09/26/tumblr-raises-85-million-ro...
- ralfd 13y agoI wonder how much shares he has. Two days ago he tweeted that: https://twitter.com/marcoarment/status/335483318311194624 https://twitter.com/marcoarment/status/335483318311194624 > @ericf @jsnell 1) I was technically an employee, not a founder. 2) My shares were from the first funding round, before any further dilution. How much shares would a (number 2?) employee typically get? And does it mean his shares were diluted or not?
- deleted 13y ago[deleted]
- jcampbell1 13y agoMy rule of thumb is co-founders have 2/3, employees have 1/3, and investors cause a 75% dilution per round. Thus since their are 4 rounds, .75^4 * 2/3 => 21% between the founders. However, in this case it appears that Marco wasn't a co-founder, but rather a first employee with an equity grant. If it were for 5%, it is probably worth ~1-2% now, and so I'd reckon he will see $15M. That is a lot of money, but not enough to change the startup landscape.