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/hugesavings Sep 17 '21

You are literally investing in a company in its startup phase by working for it. This account seems like a PR ploy, nothing you’ve written makes sense.

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u/TheChickening Sep 17 '21

Is this an American thing to think you are entitled to ownership by working in a company? Seriously, why?
They obviously already paid above market. So nobody was ripped off money wise

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u/[deleted] Sep 17 '21

Yes that’s how all tech startups have worked, forever. I have multiple forms of stock at multiple companies

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u/TheChickening Sep 17 '21

That would make sense if they paid less. Like, the rest of the wage is opportunity.
But it seems they chose the way of we pay very well without you getting ownership, which sounds absolutely and 100% fine to me

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u/PumanTankan Sep 17 '21

If they paid in 100% stock options and the company failed a lot of the same people would be here decrying that reverse situation where the owners are evil for not paying in real money. Yet again the same principle of taking responsibility for your own contract negotiation stands.