CEOs Gave Up Fortunes To Turn Half Their Employees Into Millionaires

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

Related Posts

  • 78
    The question of how Uber would spend its billion-dollar investment was never really much of a riddle. More rides in more places has always been the plan. But with its ten-figure cushion, the San Francisco-based ride-hailing startup can be more cunning about how it tries to get huge. Uber wants to grow…
    Tags: $, york, success, startup
  • 76
    Often, the only way to get ahead is to have a great plan. Which is exactly what makes the companies below so special. It's not just that they're making the big bucks (and they are doing that). This small group of companies from the Inc. 5000 class of 2014 are notable for their…
    Tags: read, great, success, startup
  • 75
    Let’s start with the premise that Twitch, the video-game watching network, is the next ESPN – you know, the jewel in Disney’s crown that, by itself, is worth $50.8 billion. Like ESPN, Twitch is about live competition, and, like ESPN, Twitch does exceptionally well in the highly desirable young male demographic.1 Obviously…
    Tags: $, company, success
  • 74
    Source : https://medium.com/i-m-h-o/good-and-bad-reasons-to-become-an-entrepreneur-decf0766de8d Recently we hosted a Q&A at Asana that I participated in with Ben Horowitz, Matt Cohler, and Justin Rosenstein. Marcus Wohlsen from Wired attended and wrote an article that discussed our views on the culture of entrepreneurship in Silicon Valley. This is an important topic, so I want…
    Tags: people, company, great, success, startup
  • 74
    WhatsApp CEO and founder Jan Koum tweeted that the popular messaging app user-base has now been increased to 600 million. Earlier in April, it was announced that WhatsApp had 500 million active users. Surprisingly, the instant messaging space has been growing by leaps and bounds. It is worth noting that WhatsApp…
    Tags: read, success, startup