[brigadier132]

$35 million is how much they raised. If they were purchased for $111 million that means that after the investors are paid off their principal there is $76 million left. There are 70 employees, the original investors probably made some profit on their initial investment, so split that remaining $76 million among everyone and none of the employees left super rich from this deal except maybe the founders.

[jerrygenser]

If they raised $35million, you're not accounting that venture funding especially at this scale is preferred shares.

This means that the vc money requires 7-9% per year payback on liquidity event until any other equity gets any money.

This means you're likely subtracting 1-3 million per year from other equity holders based on $35mn raised

[smallerfish]

> none of the employees left super rich from this deal except maybe the founders

You could say that about 99.9(9?)% of startup exits.