top | item 13522984

(no title)

mofirouz | 9 years ago

Why do you think Parse was a failure in the first place? Surely, Parse founders got a nice little cash out of the acquisition and Facebook got developers onboard and Facebook Login integrated onto many apps.

discuss

order

evan_|9 years ago

> Why do you think Parse was a failure in the first place?

Because the title of this post is "Parse.com is shutting down today".

mofirouz|9 years ago

Shutting down is not the same as failure

geofft|9 years ago

When a marriage ends in divorce, it is fair to call the marriage a failure even if you get a profitable settlement from the divorce and even if you both go on to better marriages. Same reason.

beachy|9 years ago

Nice analogy, but we generally don't select development tools on the basis that we want to grow old with them.

jkarneges|9 years ago

Well, he said "from a developer's perspective" ...

jonathankoren|9 years ago

Depends. I don't know what the acquisition price was but given that they're shutting it down, I'm thinking it was in tens of millions range, which makes it an aquihire. Assuming they raised low to mid tens of funding, The investors probably have a 1x or more a preference on the sale. This means the leftover value is in the low to mid ones of millions. I love that you're getting 0.1% So we're talking like ones of thousands of dollars for an engineer after two years of work at probably less than market rate salary.

Given that your equity package at a large company would be is late and 50 times that per year yeah the engineers didn't come out ahead so it's a fail.

mofirouz|9 years ago

I have to agree with @csmajorfive - This is quite wrong from both a factual numeric point of view as well as guesstimates on what percentage that investors/founders/employees got.

csmajorfive|9 years ago

This is wildly wrong.

rawrmaan|9 years ago

I have no idea what you're talking about. Facebook is very generous with equity for employees and I"m sure the founders got a good deal.