3 ms·
How did they write an article on the outcome of my startup in 2016. You are good Slate. Ok I won't quit the day job(startup). But seriously I wonder how much t
by bruceb 12y ago
How did they write an article on the outcome of my startup in 2016. You are good Slate.
Ok I won't quit the day job(startup). But seriously I wonder how much the employees actually got. Any guesses?
- ForHackernews 12y agoHe says: > Having only raised $1 million in funding, the vast majority of the deal proceeds would go to employees. Also, a significant piece of the deal—more than 10 percent—had been set aside for restricted stock for them. It mentions 12 employees, so if you figure ($25.5m - $1m) * 10%) / 12 = about $204,000/per person in stock. We can only speculate about the non-stock allocation.
- bruceb 12y ago"the vast majority of the deal proceeds would go to employees" That wording seems indicate over 50%? Or am I missing something?
- spacefight 12y agoThe founders might count themselves in to the employees.
- maaku 12y agoVery misleading.
- deleted 12y ago[deleted]
- jjoe 12y agoI'm curious how much the founders walked out with. This is almost never disclosed even by articles that claim to seek transparency.