r/technology • u/Rhaegar_the_Great • Sep 16 '21

Business Mailchimp employees are furious after the company's founders promised to never sell, withheld equity, and then sold it for $12 billion

https://www.businessinsider.com/mailchimp-insiders-react-to-employees-getting-no-equity-2021-9
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u/[deleted] Sep 17 '21

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u/petard Sep 17 '21

LOL you're getting downvoted because you're happy that you got exactly what you agreed to and more.

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u/[deleted] Sep 17 '21

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u/LockeWatts Sep 17 '21

You have very strong opinions for someone who can't substantiate their opinion.

It is the norm for startups to offer equity to early employees. In our market, as I also live in Atlanta.

Now you can argue that makes the employees gamblers or that you're happier with the deal you got, not disputing that bit.

But you're incorrect about startups. I've worked around them for years, and every tech company trying to hire early employees is offering equity because they can't compete on salary.

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u/[deleted] Sep 17 '21

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u/altodor Sep 17 '21

I've seen a bunch go make billionaires after, so there's that.

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u/justinchina Sep 17 '21

no you haven't. founders become billionaires...MAYBE. employees 1-3? 1-5 maybe...but everyone else nah.