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Ask HN: How much did you, as an employee, make when your startup exited?
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Re: Ask HN: How much did you, as an employee, make when your startup exited?
#2[deleted]
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#3I joined as a regular non-manager, non-lead employee. Actually, I started as an intern, and was offered a full time job immediately after that. I was employee #~100. I sold 1625 shares in a secondary round for $14,000. When the company eventually exited, I sold 27,375 shares for $1.1M. I have 1000 shares remaining. If I hadn’t sold anything, my shares would be worth about $5.1M today.
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#4I joined as a regular non-manager, non-lead employee. Actually, I started as an intern, and was offered a full time job immediately after that. I was employee #~100. I sold 1625 shares in a secondary round for $14,000. When the company eventually exited, I sold 27,375 shares for $1.1M. I have 1000 shares remaining. If I hadn’t sold anything, my shares would be worth about $5.1M today.
Curious why you have 1,000 shared remaining? Are you still employed there?
Also, what was the tax bill on the $14k and $1.1M in terms of percentage? Was it long term capital gains 15% fixed?
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#5I joined as a regular non-manager, non-lead employee. Actually, I started as an intern, and was offered a full time job immediately after that. I was employee #~100. I sold 1625 shares in a secondary round for $14,000. When the company eventually exited, I sold 27,375 shares for $1.1M. I have 1000 shares remaining. If I hadn’t sold anything, my shares would be worth about $5.1M today.
Curious why you have 1,000 shared remaining? Are you still employed there? Also, what was the tax bill on the $14k and $1.1M in terms of percentage? Was it long term capital gains 15% fixed?
I am no longer employed there. I hold them mostly for nostalgic purposes. I sold all of my shares because it seemed foolish to have 100% of my net worth in one company. Holding 1000 shares feels okay. Tax bill was ~0 on the $14K and my marginal tax rate on half (I’m Canadian)
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#6After taxes and interest on the purchase loan, about $485k. The golden handcuffs the acquirer wanted ended up being worth more than that, though.
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#7I was co-founder of a software company’s old during internet bubble. My partner funded everything so we split shares 80-20. Then we both got substantially diluted by two rounds of investment and 140 employee share packages. I think i had 5% at the end.
When sold we got 15% in cash, and 85% in stock in the public internet company, that was locked up for one year. The cash was a $800,000+ check. A year later i sold the stock for maybe $150k.
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#8There are a few answers in this thread from 2 years ago https://news.ycombinator.com/item?id=12116137
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#9All: Watch out for survivor bias. https://www.youtube.com/watch?v=_Qd3erAPI9w
Re: Ask HN: How much did you, as an employee, make when your startup exited?
#10I was co-founder of a software company’s old during internet bubble. My partner funded everything so we split shares 80-20. Then we both got substantially diluted by two rounds of investment and 140 employee share packages. I think i had 5% at the end. When sold we got 15% in cash, and 85% in stock in the public internet company, that was locked up for one year. The cash was a $800,000+ check. A year later i sold the…
Do you regret selling the stock, unless the parent company went under.