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by bdlbdl
4453 days ago
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I highly doubt it was that little. I've seen quite a few acquihire term sheets and the payoffs are a lot better than you would think for the founders. I bet the investors get their money back, the founders of Cover get $2m - $4m each in stock alone (vesting over 4 years of course), and the employees get $500k / year in total comp. |
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