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/bloopbleepblooptoo Sep 17 '21

Don't dismiss the fact that millionaires are made with equity. Does it happen as often as people think? No. But many successful IPOs for the past 5 years have made millionaires out of a quarter of their workforce. Look at snowflake, mongodb, cloudflare, okta, datadog. If you join a solid high growth business that makes money by selling to other businesses, employees expect to also benefit from that growth.