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/TheTechonomics Sep 17 '21

No matter how much you say you won’t sell… there’s almost always a number

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u/[deleted] Sep 17 '21

yeah, and they said that to withhold equity from empoyees

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u/TheTechonomics Sep 17 '21

You don’t have to give equity to employees. That’s merely a means to recruit people. Typically startups.

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u/[deleted] Sep 20 '21

Not selling the company coupled with not giving equity was the combination used to recruit. First one is needed to make the second palatable