Comment by j7ake
1 day ago
You forgot to account for the 100+ employees. The liquidity event would have helped their families as well.
1 day ago
You forgot to account for the 100+ employees. The liquidity event would have helped their families as well.
I won’t disclose details out of respect for the other party, but no, not necessarily. As I wrote, it was a good deal for the founders and some investors, but not for everyone, including employees. There are many ways to structure a sale, and unfortunately not all of them split the cake equally.
At 9 figures I’m sure the founder can trickle down a few for everyone including employers after the sale.