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Founder Paydays at Exit (IPO)
- sk5t 6y agoNow let's compare to the length of the list of national lottery winners, and how much time and capital each winner put in to achieve the win.
- new_realist 6y agoWhere is the chart listing the negative opportunity costs from the other 99%?
- rashthedude 6y agocool story bro.
- m4tthumphrey 6y agoSlightly off topic, why do people use `mm` as the symbol for millions? Why not just `m` ?
- stingraycharles 6y agoIt’s used a lot in finance and accounting, and stems from the Roman numerals. It’s also used in advertising, CPM = Cost Per Mille.
- deleted 6y ago[deleted]
- yellowstuff 6y agoM is 1000 in Roman numerals. While it is uncommon, M is used to mean 1000 in business contexts, such as CPM: https://www.investopedia.com/terms/c/cpm.asp https://www.investopedia.com/terms/c/cpm.asp Therefore "mm" is the most unambiguous way to denote millions, and is used in accounting.
- quesera 6y ago"mm" is a perversion of "MM", which is derived from Roman numerals (M is 1000, and MM is M*M). This notation has a long history of use in business and accounting. For consistency, the author's use of "bln" should be "BB", or at least "B". These have no Roman antecedents, but they are common in accounting. I've never seen "MMM" for billion. Missed opportunity! I'll have to suggest that to our CFO for our next filing.
- jacquesm 6y agoHow many of these were funded by Blossomstreetventures?
- GeneralTspoon 6y agoGiven that Cal Henderson & Slack appears in the chart twice with different numbers each time, I'd take these figures with a grain of salt. Plus the tone of the article makes it seem like a quick marketing piece to try and advertise their VC fund.
- PNWChris 6y agoAh, the repeated companies had me confused for a moment, too! The list is partitioned by { company, founder } (note the different ownership percentages), which is why some companies appear multiple times.
- danaugrs 6y agoThere are repeated entries for the same company+founder but with different values. It doesn't make any sense. Additionally sometimes the founder's name is right in one row but not in the other e.g. Cloudflare's Matthew Prince (right) vs Matthew Price (wrong). Not a good look.
- PNWChris 6y agoOh man, upon looking closer, I now realize you and this thread’s OP are right. That data is really messy. I agree, it’s not a good look.
- sreekotay 6y agoMissing are the zeros (and negatives)
- seattle_spring 6y agoI don't think most people have the bandwidth to download a chart that reflects the employees who get screwed.
- parsley27 6y agoDo employees get screwed, or is it just that too many of us employees sign on and see the word equity and think that means we're suddenly co-founders?
- eloisant 6y agoWhen a founder tells you "the salary is low, but you get equity" he is screwing you. If you take a market salary, and see equity as what it is (a lottery ticket that might, maybe get you a few tens of grands) then it's fine.
- seattle_spring 6y agoDefinitely the former, unless you feel that only co-founders deserve market pay and equity that pays out at >$0. In many cases, employees even lose money because they have to exercise options with no insight into if they'll ever be worth a dime.
- fatnoah 6y ago>We dove into major tech IPO’s since 2018 to find out. It also self-selects for "major" offerings as well. I'd be curious to see this table for ALL tech IPOs.
- NelsonMinar 6y agoNothing like publishing a textual data table as a giant picture. "If this data doesn’t get you off the couch and coding the next great product, I don’t know what will." If the hope of a 9 digit payoff is what's motivating you to start a company, you're better off trying your luck on a roulette wheel.
- danaugrs 6y agoThere are repeated entries for the same company+founder but with different values. It doesn't make any sense. Additionally sometimes the founder's name is right in one row but not in the other e.g. Cloudflare's Matthew Prince (right) vs Matthew Price (wrong). Not a good look.
- soneca 6y ago> ” If this data doesn’t get you off the couch and coding the next great product, I don’t know what will.” Well, that’s a severe lack of imagination by the author. I can think of lots of reasons to start coding a new project that are not how much a few dozen of people earned in an IPO.
- josh_carterPDX 6y agoWhat a gross overstep by Spotify. Over $9B combined between the two founders!?! Meanwhile bands are struggling to make it through the pandemic. Guess I'll be deleting my Spotify account. Barf.
- aqme28 6y agoThis is so cherry-picked and editorialized that this feels unethical. It claims an "average" from this list while intentionally neglecting less-successful IPOs and downright failures. Also, I'd be curious to see what the exits are after the 3-6 month lockup period. Some startups IPO decently, but then tank.