> The founders (theoretically) created $20B in value and you think $90M is sufficient compensation?
...yes? I don't really see what's so absurd about that idea.
It also seems more than a little disingenuous to suggest that the founders were the only ones that created that $20B in value. They didn't single handedly create the apps, the marketing platform, drive the cars, etc. etc.
> But a $5B payout would have meant they could start a VC firm...
https://en.wikipedia.org/wiki/Y_Combinator
> In 2009, Sequoia Capital led the $2 million investment round into an entity of Y Combinator which would allow the company to invest in approximately 60 companies a year as opposed to their previous 40 companies a year. The following year, Sequoia led a $8.25 million funding round for Y Combinator to further increase the number of startups the company could fund.
I think they'll be OK if this is their goal.
Re:Lyft Files S-1
by rajacombinator on Friday March 01, 2019 @03:00PM
(#19284700)
I’m as pro founder as it gets but they alone did not create that value. Tons of employees, and the investors who put up the money, helped along the way.
You can do all of those things and more - easily - with $90m.
$90M is definitely enough to be more than comfortable the rest of your life. But a $5B payout would have meant they could start a VC firm, invest in the next several generations of startups, partially self-fund something ambitious like a Space-X, start funded non-profits, etc.