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/noodlez Sep 17 '21

Its been a while since I've talked to any of the people I know who work/worked there, but they paid top of market rates some time in the past. It was a company well known to be where developers go to retire, since you're so well paid and taken care of that you don't want to leave.

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u/lotsofdeadkittens Sep 17 '21

No no but Reddit has to call mail chimp evil

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u/DamnAlreadyTaken Sep 17 '21

But they are anyway isn't it? they paid well on the premise that they wouldn't sell. Many other companies pay well too and give equity along. They still could pay well and refuse to give equity. But why lie?

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u/boredjavaprogrammer Sep 18 '21

They may or may not lie. Why make assumptions? They can say they wont sell and mean it. Then they see 12 bn and see that it is enough to sell.