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This seems to extreme. Starting with 2%, likehood is he was diluted 50 - 55% across the 3 rounds. He end's up with 1.1%. Given the $390M exit, he get's $4.2M.
by danielpal 12y ago
This seems to extreme. Starting with 2%, likehood is he was diluted 50 - 55% across the 3 rounds. He end's up with 1.1%.
Given the $390M exit, he get's $4.2M. This doesn't take into account liquidation preferences, but also doesn't take into account incentive plans either.
Let's say due to liquidation preferences he only takes half of that ($2.2M). Given that he just made $2.2M and Salesforce is keeping RelateIQ as a whole subsidiary, they'll want to make sure they retain the talent. So they will probably sweeten the deal with an incentive package of 60%-80% of that(1.3M). All in all, given he stays 3-4 more years, he'll likely come out with 3.5M to 6M.
- btrautsc 12y agoThis sounds much more reasonable... thanks Daniel