7 ms·
It's a team of people, so the $14MM wouldn't all go to a single person. It's certainly a lot of money, but it may not be retire in comfort money.
by nols 9y ago
It's a team of people, so the $14MM wouldn't all go to a single person. It's certainly a lot of money, but it may not be retire in comfort money.
- dawnerd 9y agoEven if it's a small team and everyone gets an equal split (unlikely), that's still a ton of cash. I'd take it, move somewhere cheap and just work on personal projects for the rest of my life and not worry about trying to please shareholders.
- marcofiset 9y agoDepends on your definition of comfort. I sure would be comfortable for life with such an amount of money, even if I would be left with "only" 2M.
- chasd00 9y agoPlus, a nice big chunk of it is going to Uncle Sam too. Let's say a 5 person team and they each end up with $2M in their checking account. Invested safely the returns match a typical Sr. working stiff salary. Sure you don't have to work, but you're not driving a Ferrari to your jet that's for sure.
- charlesdm 9y agoBad assumption. Just because it's a team of people doesn't necessarily mean there is more than one shareholder. You can have one founder, and a few founding employees. Not everyone shares equity in a startup (at least outside of SV), and this is fine.
- austenallred 9y agoI'm assuming based on the way OP posted he or she owns 100%. If it's split two ways, I'd still take it. 5 or 6 ways? Then that changes the conversation.
- KGIII 9y agoAlso, if it is split multiple ways then the decision probably isn't entirely up to the OP.