FanDuel founders to receive no cash from sale to Paddy Power Betfair

Quick question to those in the know, what payment is the founding team getting then, the one mentioned at the end? Is that some kind of executive termination pay?

“Answer this survey question to continue reading the article”.

1. This is terrible UX and while I understand the need to make money this roadblock does nothing but increase bounce rate.

2. “Continue” is pretty deceptive unless you count the article headline as part of the article.

3. I assume this survey is trash but I am going to take it as an experiment then report back.

4. I wish HN would develop a policy on articles that rely on subscriptions or other inputs to actually read. I don’t think they should be banned but they should be paywall flagged so they can be turned off. Its better for comments (people actually read article) better for users not downloading data they can’t use and then being disappointed they can’t participate

Edit: it was a demographics survey for a giftcard drawing that would probably be sold onwards to a marketing firm if you provide an email. I guess it’s not too much to ask for but I suspect many people will be unwilling to do it because they are skeptical, not interested enough or simply have no idea how long it will take and arent willing to invest the time.

That's not the founding team, that's the current executive team -- who are getting a "retention bonus". All the founding team seem to have left the company (but presumably still hold shares)

I met Nigel + Leslie at a conference in 2010 I believe as they were starting to talk about raising funding and shifting to the US Markets.

Was always impressed with their growth, but it seems to be a good reminder to be wary of the cost of that growth.

Yes. Liquidation preferences are a thing, and getting mad about them isn't helpful.

Also, from the details in the article about "drag along" and whatnot, the typical terms for a Silicon Valley investment appear to have even more drag along to them.