Re:Why the Instagram founders really quit
by chatmasta on Wednesday April 17, 2019 @09:06AM
(#19682163)
I'm surprised there is not one mention of the word "vesting" in the entire article. Systrom left six years after the acquisition (likely full vested) and shortly after returning from paternity leave.
[ Parent
| on HN ]
Re:Why the Instagram founders really quit
by TheDom on Wednesday April 17, 2019 @09:16AM
(#19682230)
A 6 year vesting schedule would be highly unusual. AFAIK it’s usually 2 (or maybe up to 4) years after an acquisition. Therefore I don’t think that this was a factor in his decision.
Re:Why the Instagram founders really quit
by weaklearner on Wednesday April 17, 2019 @09:29AM
(#19682325)
I don't have a citation here but I think facebook tried to create a slow vesting schedule for these aquihires so they would have golden shackles
Re:Why the Instagram founders really quit
by the_watcher on Wednesday April 17, 2019 @11:13AM
(#19683258)
Is this just your assumption? The WhatsApp acquisition was pretty famously on a 4 year vest [0], not sure why IG would have been different.
[0] https://www.businessinsider.com/whatsapp-founder-jan-koum-re...
It's also not uncommon for companies to drop that and have majority vest quicker to get rid of founders faster (provide a good encouraging deal) - especially if they dont play ball.
Re:Why the Instagram founders really quit
by weaklearner on Wednesday April 17, 2019 @05:08PM
(#19686496)
mmm I was pretty sure I read it. I cannot find the reference so I think you are right. I'm going to edit my comment.