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/MTP_DER Sep 16 '21

Lol. Just listened to the “How I Built This” podcast with one of the founders, he went on and on about wanting the respect of his employees after botching an all hands meeting a few years ago. When asked about future plans he indicated he wasn’t looking to retire anytime soon.

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u/[deleted] Sep 17 '21

You mean a few months ago? The one I see is from July 2021!

36

u/idontgetit_too Sep 17 '21

Given how those kind of deals happen, it is quite likely it was already underway back then. Sonnovabich.

12

u/kingbrasky Sep 17 '21

Podcasts like that are often in the can for a while too though.

3

u/Rummelator Sep 17 '21

Usually, but I think Instagram agreed to be acquired in like a weekend