Hacker News Reader

Founder’s don’t keep a high percentage of the company through multiple rounds of funding, employee stock options and YC prefers multiple founders.

Zuckerberg had 28% of Facebook at IPO but the other 4 founders had far less of a stake. Sub 10% of 1 billion is 7 figures.

View on HN

> Sub 10% of 1 billion is 7 figures

8 figures, not 7

I meant sub 10% of 28%, which is what the other FB founders got but you’re right that could be low 8 figures even after taxes.

Except you also take a pay cut for several of those years so your benefit from a billion dollar IPO over non startup really can be 6 figures if you’re not the CEO.

* can be 7 figures if you’re not the CEO.

Though obviously if the unicorn is worth 20B things look vastly better even with a 2% stake.

Reply on news.ycombinator.com