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by brudgers
5166 days ago
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If you do the math, very few employees will retire. FU money @ $7 million requires about 6% ownership. And that's assuming their wasn't a high multiple liquidation preference for any of the investors. [Investors here: http://www.slideshare.net/about/investors] That's not to say a couple of hundred thousand dollars for being an employee isn't bad. But the chef isn't going to become a millionaire. |
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There is absolutely nothing wrong with shooting for a massive exit, but I don't think it is reasonable to hate on a multimillion dollar exit.