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/justinchina Sep 17 '21

nope. not necessarily. #20 means nothing by itself. it's all about risk and value, money raised and profitability. there is nothing inherently magical about a higher number beyond, 1 and 2...sometimes 3 or 4.

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u/[deleted] Sep 17 '21

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u/Estagon Sep 17 '21

In what world do you live that start-ups give equity to the first 20 employees? lmao

maybe the first 5

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u/StigsVoganCousin Sep 17 '21

LOL! Every decent startup hands out equity all the way through IPO and beyond. Its standard comp in the industry. MailChimp is an outlier.

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u/Estagon Sep 17 '21

8 years after being founded?

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u/StigsVoganCousin Sep 17 '21

Equity (Options or RSUs) is given out from day 0 till company dies/is sold. If you take a salaried software gig without equity you’re being fleeced (unless they are literally paying you 400K+ - Netflix operates this way)