Just how much is that 2% really worth?

Re:Just how much is that 2% really worth? by newcf on Thursday July 03, 2014 @10:16AM (#7983158)

I'm not entirely sure the calculations work.. Maybe I entered data wrong, but I was trying to model the acquisition/startup that I just went through. with our numbers, and our dollars, and my shares.... I walked with a heckuva lot of money, but that's not what the site said.

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Re:Just how much is that 2% really worth? by calebclark on Thursday July 03, 2014 @10:25AM (#7983207)

There is a bug that triggers when you add a funding round. It takes your equity percentage down to zero, regardless of the amount raised or pre-money valuation.

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Re:Just how much is that 2% really worth? by x3c on Thursday July 03, 2014 @10:56AM (#7983422)

Raise an issue in bug tracking. Name it the Zynga bug.

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Re:Just how much is that 2% really worth? by drcoopster on Thursday July 03, 2014 @12:07PM (#7983896)

That's not a bug.

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Re:Just how much is that 2% really worth? by SeoxyS on Thursday July 03, 2014 @02:19PM (#7984739)

How so? I agree that as soon as you add a round of funding, the math gets wonky.

For example, I'm trying to model what a ~5% ownership looks like, and as soon as I add a round of funding that creates 10% dilution with no liquidation preferences, the site says the final ownership percentage is zero. It doesn't even matter what the exit is for at that point, without liquidation preferences, the ownership should still be ~4.6%.

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Re:Just how much is that 2% really worth? by drcoopster on Thursday July 03, 2014 @02:27PM (#7984780)

Because in real life, you still end up with nothing of value. :)

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Re:Just how much is that 2% really worth? by carrotleads on Thursday July 03, 2014 @10:49AM (#7983362)

What are you doing here on HN. Shouldn't you be on a beach?

Don't tell us you have the startup bug!

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Re:Just how much is that 2% really worth? by newcf on Thursday July 03, 2014 @10:54AM (#7983409)

Ha! I hear you.. beach is good.... it was a truckload,not a boatload? :) I still have to work, but , you know.... I can do what I want when I want.. ok... I need to stop getting braggy.. sorry ...

Yeah, I think it was with the equity addition.... Once I did that, my delta went in the negative, and it would have beeen better to stay corporate ;)

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Re:Just how much is that 2% really worth? by general_failure on Thursday July 03, 2014 @12:29PM (#7984023)

In my books, heckuva lot of money == never having to work again.

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Re:Just how much is that 2% really worth? by newcf on Thursday July 03, 2014 @03:45PM (#7985267)

I got taught the various levels of FU (f*ck you) money...

Here are the responses available, when dealing with a pain in the ass at work:

Level 1) FU, I don't have to work here.. but I should probably find a job in the sometime near future.. like.. the next year

Level 2) FU, I don't have to work here.. or anywhere. I'm out

Level 3) FU, I don't have to work here.. or anywhere... I'm going to my yacht.

I got level 1 ;)

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Re:Just how much is that 2% really worth? by newcf on Thursday July 03, 2014 @10:55AM (#7983416)

OH, and TOTALLY have the startup bug.. I got lucky with a ton of blessings on the first one... I know it doesn't happen often.. but apparently it happens

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Re:Just how much is that 2% really worth? by russianbandit on Thursday July 03, 2014 @12:47PM (#7984151)

Mind sharing which start-up?

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Re:Just how much is that 2% really worth? by newcf on Thursday July 03, 2014 @03:46PM (#7985276)

Unfortunately I can't... lots of people "didn't" do too well, since it was a little early exit.. I was in early enough that I did well..

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