8 ms·
If Carmack obtained any sort of options or shares in Oculus stock prior to this deal, this is likely to be quite a hefty payday for him, no? Just goes to show
by downer76 12y ago
If Carmack obtained any sort of options or shares in Oculus stock prior to this deal, this is likely to be quite a hefty payday for him, no?
Just goes to show that his business sense was dead on, and he aligned his position with an organization he instinctively perceived as valuable before it's value exploded. It's probably safe to say, though, that his participation in the company also augmented the perception of its value, by his association acting as a defacto endorsement.
- busterarm 12y agoI'm hoping he made out handsomely and turns his attention (and money) to Armadillo Aerospace again.
- ucha 12y agoHe joined less than a year ago. Assuming he received a standard options package, I doubt his options vested.
- daviding 12y agoLiquidity event clause would be normal here and he'll be vested all in, especially as he's not a regular employee. As a C-level they'll be handcuffs on the FB stock part for sure as well.
- azth 12y agoWouldn't he just have to wait until they vest then? Or does the situation change post-acquisition?
- danielweber 12y agoHe could have negotiated something better. But so would Oculus.
- gstar 12y agoIt's pretty much inconceivable that he'd have a "standard options package" He would have been courted, offered a substantial slice of equity, and his contribution and membership of the leadership team (he's the CTO!) would have significantly contributed to the valuation. He'd have made out huge-time.