petermcbeater

Do investors get no say when negotiating an acquisition?

Seriously, there were no specifics here about how much each founder got of the 5 million and how much each founder got out of the 10 million. Taking the simplest view of 1/3 split, he screwed himself (and his outher founders) out of 1.33 million $. Doesnt seem worth it

Lot's of people are talking about investor's cashing out, if they had investors would this dude have been able to unilaterally force a worse deal so he could work at Facebook, seems unlikely

I messed up my comment, supposed to read "over a million and a half" I could see ~500k MAYBE but 1.5million....

So the screw over was that the company fetched 5 million instead of 10?

Assuming a 3-way split, 1.66 million versus 3.33 million each? He had to take a least a million dollar hit in that scenario, or did Facebook give him something else besides a job? Is a job at Facebook worth over a half a million dollars?