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.
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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
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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?
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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.
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Replying to @thijsniks @drewvolpe
Sure thing. But the whole company journey and how they ran it is totally different right? How can you even compare that? Maybe employees had a much better life for 12 years at mailchimp compared to crunch culture at VC big tech.
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And I’m playing to the classical controversial points here. But that’s kind of my point of what we shouldn’t do.
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Replying to @michiels @drewvolpe
Given what we know about the MailChimp culture, I’m willing to bet it wasn’t that nice
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Replying to @thijsniks @drewvolpe
Okay alright. Well Twitter will be Twitter then :)
2 replies 0 retweets 3 likes
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