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by strictnein 1112 days ago
The original founders sold the site for $1.8 Billion.
1 comments
shagie 1112 days ago
That was in 2021. https://stackoverflow.blog/2021/06/02/prosus-acquires-stack-...

Joel left in 2019 https://twitter.com/spolsky/status/1111267189133316097

Jeff left in 2012 https://blog.codinghorror.com/farewell-stack-exchange/

I'm not sure that it is fair to say that the original founders sold it for that amount.

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gurjeet 1112 days ago
It's possible that they had equity in the company after they left.
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shagie 1112 days ago
They probably had some nice checks written with their name in the "pay to the order of"... but they weren't the ones doing the selling, negotiating the price, or having any say in it more than any other shareholder (weighted by the shares and voting status) would.

To that end, with their various rounds of funding ( https://www.crunchbase.com/organization/stack-overflow/compa... ), they likely had very little say in any of it after that series E ( https://stackoverflow.co/company/press/archive/series-e ) which is after Jeff and Joel had left and likely diluted any value they had substantially.

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