AppDynamics got acquired for $3.7B; a 99%-ile startup exit. Sounds like ppl who joined 2-3 yrs ago got equity =~ $300k-$400k over 4 years?
99%-exit => less than what someone joining a large public company with a competitive offer would have made over the same timeframe.
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Obv. early employees did a lot better, but by definition there aren't many of those.
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The execs did well. According to the now defunct S1, 12 of them had 63m shares. At $26/share that's $1.6B split 12 ways, or $137m per.
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VCs seem to own at least another 66m shares, or $1.7B. So $3.3B of $3.6B to them, with the rest split between 1000 employees?
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I don't really read finance documents on a regular basis. Would be curious to know if I have some kind of naive typo or error here.pic.twitter.com/SERHs2egoy
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Whoops, the total was $3.7B not $3.6B, so there's one error already.
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the $300k-$400k comes from backchannel communications, not the S1; just thinking out loud and trying to square the numbers.
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Is it known that AppDynamics didn't pay competitively in the last few years?
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No, but the equity is not competitive with BigCo equity over that timeframe. Salary would have to be $200k-$300k to be even.
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@vRobM If you're going to take lower startup wages, make darn sure you get rich when investors do. Otherwise bounce.Thanks. Twitter will use this to make your timeline better. UndoUndo
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yes but these employees were paid a salary as well the past four years
Thanks. Twitter will use this to make your timeline better. UndoUndo
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