Amsterdam: $87b Booking $65b Adyen $16b Takeawayhttps://twitter.com/bgurley/status/1350869336978690049 …
-
-
Proposals for what the Netherlands could do to increase the number of (tech) startups often boil down to “more subsidies.” Instead, we should consider 3 systemic changes: ⁃ Incentivize stock compensation ⁃ Simplify corporate bankruptcy ⁃ Ban non-compete clauses
Show this thread -
Adyen had a surprisingly decent employee equity pool of 20% at IPO (of which 1/10 was awarded to two executives) https://www.adyen.com/dam/jcr:ab990e2d-7911-44b7-8932-beeec4809eba/Adyen%2520Prospectus.pdf …pic.twitter.com/AF99DwQlRx
Show this thread
End of conversation
New conversation -
-
-
Analogously here, Europe doesn’t have enough “live players” because all of the money is tied down in hereditary wealth:https://twitter.com/alper/status/1350741690341089283 …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Feel like this is a two-way problem: I've heard from multiple founders that European employees don't tend to value equity as much as Americans—let alone give up salary for it—which makes it more attractive to simply give it to investors. Would love to see this change though.
-
This is quite usual case. What I've seen is that people woukd rather have salary slightly higer and they are ready to ket go any equity. But, my hypothesis is that this is because *equity* in Europe wasn't valuable and there were no exits But with a couple of exits it will turn
- Show replies
New conversation -
-
-
It's partly employers, partly European employees (and tax regimes on options). Your avg Valley PM understands the value of options given their peer's succeses. Less so in Europe where cash wins > options in their minds. From archiveshttps://medium.com/crossing-the-pond/the-building-blocks-of-a-tech-ecosystem-74b799ce9d00 …
-
So the question is how you kickstart that cycle
- Show replies
New conversation -
-
-
I thought Adyen was better with stock options?
-
Nope. Have you seen one single news article about early employees who did well?
- Show replies
New conversation -
-
-
Really interesting discussion. However, plenty of people, inc engineers, have left booking with enough money and connections to reinvest into startups. Why that hasn’t really converted into unicorns is hard to say.
-
Depends on what you consider “enough money” for angel investing. At a €10k ticket size, 30 investments, and 20% of net worth, you need about €1.5m to make it a reasonable thing to do. How many Booking people have that?
- Show replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
at
retweets