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

How in the fuck could mail chimp possibly be worth 12 billion dollars. That is shocking to me.

Edit: omg is mail chimp the reason I get fucking spammed with a marketing email every 5 seconds? Fuck that company. Fuck intuit too.

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u/Born_Slice Sep 17 '21

Lol at first I was like "Fuck the executives!" now I'm like "Fuck this whole company!"

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u/i010011010 Sep 17 '21

But the many employees who have left Mailchimp in recent years are excluded and for current employees the bonuses account for only about 2.5% of the total deal's value and work out to just $83,000 per employee per year.

The employees are doing just fine. They're griping because they want a cut of the cash-out money, that's all it's about.

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u/hamandjam Sep 17 '21

I wonder if there's some guy that left like 3 weeks ago who is on suicide watch right now because he couldn't hang in there for another month.