Amsterdam: $87b Booking $65b Adyen $16b Takeawayhttps://twitter.com/bgurley/status/1350869336978690049 …
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To be honest though: I assume one of the spin-off effects Gurley expects from 3 decacorns is early employees using their stock option returns to reinvest in the ecosystem. Which doesn’t happen in Amsterdam, because Dutch companies are stingy.
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Replying to @thijsniks
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.
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Replying to @Onnoblom @thijsniks
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
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Replying to @MrIvanIvankovic @Onnoblom
Exactly this. Situation in the Netherlands would have been very different if Booking and Adyen had done stock options. So the question is how you kickstart that cycle.
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Adyen is quiet about this, but their capable had huge amount of employee owned stock in there.
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Thijs Niks Retweeted Thijs Niks
Thijs Niks added,
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Yes, and investors and employees are in the same class of shares, so in financial outcome this is MUCH better than other companies x% in common shares while 4 classes are senior to that. So let’s not blame THESE guys for being stingy ;-)
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American companies have different share classes to justify giving employees cheap shares vs sell expensive ones to investors, but it’s pretty cool nonetheless
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Still though, Adyen employees should be holding ~€10b yet we haven’t heard anything about them? What has happened to this wealth?
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It’s often too much for direct investments, so they’ve funded funds. Like facebook people did with Iconiq (an investor in Adyen ;-)
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