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Founder Paydays at Exit (IPO)

54 points| turoczy | 5 years ago |blossomstreetventures.medium.com

25 comments

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NelsonMinar|5 years ago

Nothing like publishing a textual data table as a giant picture.

"If this data doesn’t get you off the couch and coding the next great product, I don’t know what will." If the hope of a 9 digit payoff is what's motivating you to start a company, you're better off trying your luck on a roulette wheel.

xibalba|5 years ago

Not to mention the data isn't even de-duped. Weird.

GeneralTspoon|5 years ago

Given that Cal Henderson & Slack appears in the chart twice with different numbers each time, I'd take these figures with a grain of salt.

Plus the tone of the article makes it seem like a quick marketing piece to try and advertise their VC fund.

PNWChris|5 years ago

Ah, the repeated companies had me confused for a moment, too! The list is partitioned by { company, founder } (note the different ownership percentages), which is why some companies appear multiple times.

soneca|5 years ago

> ” If this data doesn’t get you off the couch and coding the next great product, I don’t know what will.”

Well, that’s a severe lack of imagination by the author. I can think of lots of reasons to start coding a new project that are not how much a few dozen of people earned in an IPO.

danaugrs|5 years ago

There are repeated entries for the same company+founder but with different values. It doesn't make any sense.

Additionally sometimes the founder's name is right in one row but not in the other e.g. Cloudflare's Matthew Prince (right) vs Matthew Price (wrong).

Not a good look.

sreekotay|5 years ago

Missing are the zeros (and negatives)

seattle_spring|5 years ago

I don't think most people have the bandwidth to download a chart that reflects the employees who get screwed.

fatnoah|5 years ago

>We dove into major tech IPO’s since 2018 to find out.

It also self-selects for "major" offerings as well. I'd be curious to see this table for ALL tech IPOs.

sk5t|5 years ago

Now let's compare to the length of the list of national lottery winners, and how much time and capital each winner put in to achieve the win.

new_realist|5 years ago

Where is the chart listing the negative opportunity costs from the other 99%?

aqme28|5 years ago

This is so cherry-picked and editorialized that this feels unethical.

It claims an "average" from this list while intentionally neglecting less-successful IPOs and downright failures.

Also, I'd be curious to see what the exits are after the 3-6 month lockup period. Some startups IPO decently, but then tank.

jacquesm|5 years ago

How many of these were funded by Blossomstreetventures?

m4tthumphrey|5 years ago

Slightly off topic, why do people use `mm` as the symbol for millions? Why not just `m` ?

stingraycharles|5 years ago

It’s used a lot in finance and accounting, and stems from the Roman numerals. It’s also used in advertising, CPM = Cost Per Mille.

quesera|5 years ago

"mm" is a perversion of "MM", which is derived from Roman numerals (M is 1000, and MM is M*M). This notation has a long history of use in business and accounting.

For consistency, the author's use of "bln" should be "BB", or at least "B". These have no Roman antecedents, but they are common in accounting.

I've never seen "MMM" for billion. Missed opportunity! I'll have to suggest that to our CFO for our next filing.

josh_carterPDX|5 years ago

What a gross overstep by Spotify. Over $9B combined between the two founders!?! Meanwhile bands are struggling to make it through the pandemic. Guess I'll be deleting my Spotify account. Barf.