[beejiu]

> him, and I don't know what became of the employees' equity. Probably nothing, given that the company had to be written down to nearly $0 for this transfer.

It is somewhat addressed (without specifics) in the article:

> We also gave a token amount of equity to alumni who worked on Gumroad from 2011-2015, without whom you wouldn’t be reading any of this. Thank you!

[kstrauser]

For sufficiently low values of "token", I might be likely to publicly tell them where to shove it. That's like leaving a $0.10 tip: "it's not that I forgot. I just didn't think it was worth more."

Frankly, I'd rather have nothing.

[warcher]

Yeah the math on what, 300k in equity on a 100MM “valuation” by retail investors is… hey it ain’t nothing. 0.3% of 5MM dividends is 15K.

For a dude who’s only alive because his investors decided to walk away from their 8MM investment, that’s kinda tight. But freelancers just want the cash, so if he’s paying cash, this is just some weirdo being weird in tolerable ways.

The whole performance here is off putting to me though. You got gifted a huge amount of money and kept almost all of it for yourself. Alright man. You got the right. Everybody is a big boy and agreed to the deal.

But let’s not play around about how you got rich, or how much of the pie goes in your own pocket versus everybody else’s.