There’s a startup in New York everyone talks about, and the things they say aren’t very nice.
The startup sold for ~$80 million and the founders got rich. But, as the rumors go, no other employee made more than $50,000.
That’s a common exit scenario. The founders put in a lot of risk in the beginning, and they alone get wealthy if their company is a success.
But we found a few seasoned founders have begun to set a different precedent. Their goal — in addition to creating strong products and strong financial outcomes for themselves — was to create great outcomes for the people they worked with, even if their options hadn’t fully vested. As a result, these CEOs turned one-third to one-half of their employees into millionaires when their startups sold for hundreds of millions of dollars.
Read more: http://www.businessinsider.com/non-greedy-startup-ceos-who-turned-employees-into-millionaires-2014-9
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