MailChimp employees not getting equity is a big loss for the ATL ecosystem. Normally a $12B exit would create a huge pool of new angel investors who would help create the next wave of startups.
-
-
Replying to @drewvolpe @thijsniks
Michiel Sikkes Retweeted Ben Chestnut
Michiel Sikkes added,
Ben ChestnutVerified account @benchestnutHad a great all hands meeting and Q&A with employees today. Lots of important questions. We talked more about QuickBooks integration down the road, and how every employee will receive a cash transaction bonus from Mailchimp in addition to RSUs granted by Intuit when we close.Show this thread1 reply 0 retweets 2 likes -
Replying to @michiels @drewvolpe
Hard to tell how meaningful that is without numbers
1 reply 0 retweets 1 like -
Replying to @thijsniks @drewvolpe
As would be with any equity deal as well right? Maybe we shouldn’t judge so harsh on then just because they do it different than the typical non-profitable VC backed company?
1 reply 0 retweets 3 likes -
Replying to @michiels @drewvolpe
It’s pretty easy to estimate the employee outcome of a typical VC deal of this size. I’ll be very surprised if these bonuses turn out to be anywhere close to what an option pool would pay out.
2 replies 0 retweets 0 likes -
If the employees took full comp then what are they going to do - rewrite history, climb into a time machine and take pay cuts in exchange for RSUs?
1 reply 0 retweets 0 likes
Nobody is suggesting that. We are just publicly shaming billionaires to share their wealth with the employees who created it for them
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