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.
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.