Re:Mailchimp insiders react to employees getting no equity f...
by magicalhippo on Friday September 17, 2021 @07:36AM
(#28564196)
Yeah, they got well compensated as mentioned but if it's something you've put a lot of love and hard work into and you're still burning for, I don't think money can truly compensate.
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Re:Mailchimp insiders react to employees getting no equity f...
by lotsofpulp on Friday September 17, 2021 @08:43AM
(#28564780)
Obviously it can compensate since they signed something that stipulated it would compensate:
> and had signed a deal with the others that unless they were offered a well-defined but ridiculously high price, that the original founders could buy back the shares to take back control.
Re:Mailchimp insiders react to employees getting no equity f...
by jacobr1 on Friday September 17, 2021 @11:03AM
(#28566278)
During the deal, self-rationalization starts to kick-in. The founders probably start believing some of the big-company synergy stories: complementary customer base, already scaled resources, complementary product in the portfolio. "Cross-sale alone will pay for the deal in X months/years." Sometimes they do work out! But all too often, the inertia of the larger business prevents realizing that dream. Yet if the founders weren't good at producing a reality distortion bubble, they quite likely wouldn't have made it to the M&A table in the first place. So such illusions shouldn't be surprising, especially if the price is high.