News for hackers. Stuff that matters.
Re:My company sold for $100M and I got zilch – how can that be? by draw_down on Friday October 25, 2019 @05:45PM (#21359549)
> Instagram had what, 12 employees when it got bought for 1 billion?

Which was really a pittance.

I acknowledge hindsight is 20/20, but it's interesting to see posts here lamenting that startups hire too many people, when selling for much too little is surely a more grievous financial mistake.

Or to put it another way, if they had 75 engineers when they sold for a billion, the tragedy would still not be that they had too many engineers.

Re:My company sold for $100M and I got zilch – how can that be? by dmix on Saturday October 26, 2019 @12:28AM (#21361722)
A billion dollars for a 2yr old company in a highly competitive mobile space is a pretty good deal...

They probably saw the risk in FB or Snapchats or w/e competing with them. It was just photos with filters at that point. Not a massive social network like it's become.

Re:My company sold for $100M and I got zilch – how can that be? by xmodem on Saturday October 26, 2019 @02:52AM (#21362158)
At the time it seemed like a huge price. It's only what's come since that makes it look small.
Re:My company sold for $100M and I got zilch – how can that be? by farrarstan on Friday October 25, 2019 @10:46PM (#21361359)
Yeah that is really too bad.