On: I Sold My Startup for $25.5 Million

[bruceb]

How did they write an article on the outcome of my startup in 2016. You are good Slate.

Ok I won't quit the day job(startup). But seriously I wonder how much the employees actually got. Any guesses?

[jjoe → bruceb]

I'm curious how much the founders walked out with. This is almost never disclosed even by articles that claim to seek transparency.

[ForHackernews → bruceb]

He says:

> Having only raised $1 million in funding, the vast majority of the deal proceeds would go to employees. Also, a significant piece of the deal—more than 10 percent—had been set aside for restricted stock for them.

It mentions 12 employees, so if you figure ($25.5m - $1m) * 10%) / 12 = about $204,000/per person in stock. We can only speculate about the non-stock allocation.

[bruceb → ForHackernews]

"the vast majority of the deal proceeds would go to employees"

That wording seems indicate over 50%? Or am I missing something?

[spacefight → bruceb]

The founders might count themselves in to the employees.

[maaku → spacefight]

Very misleading.