Lyft prices IPO at top of range

Re:Lyft prices IPO at top of range by khazhou on Thursday March 28, 2019 @09:21PM (#19518338)

If the founders have $1B between the two, then employee #1 would have (guesstimating) on the order of $10M, assuming the standard employee#1 == 1%. Of course there's the initial investor share and option pool to account for, but we're still in the right ballpark.

Employee #20, who joined maybe a few months in, and then put in seven years, is gonna be at order of magnitude down, $1M. Employee #50, who put in six years, is the hundred thousands, and we keep going down.

Yeah, fantastic money, but pales compared to founders.

Lesson: don't not be a founder.

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Re:Lyft prices IPO at top of range by lukejduncan on Friday March 29, 2019 @01:40AM (#19519426)

This math feels off. It’s hard to imagine employee #20 making “only $1m” when there are engineers at Lyft getting $1m+ equity packages as offers today. Maybe their initial grant would be worth that much but for sure there would be a large number of subsequent grants since joining at #20.

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Re:Lyft prices IPO at top of range by hawaiianbrah on Friday March 29, 2019 @02:06AM (#19519516)

$1m+ equity offers today? Hmm... that sounds pretty high.

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Re:Lyft prices IPO at top of range by dannyw on Friday March 29, 2019 @10:17AM (#19521865)

Not unsurprising, 1M equity over 4 years at today’s valuation is fairly common.

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Re:Lyft prices IPO at top of range by paulddraper on Thursday March 28, 2019 @09:26PM (#19518365)

Lesson 2: don't not be successful as a founder.

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Re:Lyft prices IPO at top of range by vecter on Friday March 29, 2019 @01:33AM (#19519400)

Completely wrong assumptions.

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Re:Lyft prices IPO at top of range by khazhou on Friday March 29, 2019 @02:34PM (#19524297)

Which assumption is wrong? Employee #1 @ 1% equity is very common. You very quickly get into .5% and .1% after just a few employees.

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