""For Tumblr's employees, they will go on to start their own companies and create new jobs; David Karp and his co-founders will likely become active angel inves

""For Tumblr's employees, they will go on to start their own companies and create new jobs; David Karp and his co-founders will likely become active angel investors or VCs; and Union Square Ventures will reinvest much of its returns back into the next generation of New York City startups."" So essentially the things that made the company "magic" will no longer be fully invested in it's future success. And the new hires won't have the lure of making loads of money either since there won't be any future payday to wish for.