7 figures??? That’s not selling out, that’s just trying to get anything for a sinking ship if you sell for a million. Thats barely covering salary+expenses for 2-5 engineers depending on level and location.
Yes, you’re talking about a personal “payout” thats probably only 2-3 years of a salary? That’s not much of a “payout” that’s just a nicer severance package. If you built a company that wasn’t about to go under, it’s not worth handing it to some asshole for practically nothing
Nah, precisely because we would cash out and settle for peaceful lives long before we’d become billionaires or even millionaires. It takes a certain type of person to begin earning millions and conclude “that’s not nearly enough, I need this times a thousand”. None of them are “good” people.
You don’t usually just “begin earning millions”, some businesses snowball to billion-dollar size quite quickly. Instagram had only a few dozen employees before being sold to Facebook for billions.
“I want to change the world with this tech”
…
“3 billion you say? The company is yours!”
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7 figures??? That’s not selling out, that’s just trying to get anything for a sinking ship if you sell for a million. Thats barely covering salary+expenses for 2-5 engineers depending on level and location.
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Yes, you’re talking about a personal “payout” thats probably only 2-3 years of a salary? That’s not much of a “payout” that’s just a nicer severance package. If you built a company that wasn’t about to go under, it’s not worth handing it to some asshole for practically nothing
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Software engineers at FAANG companies easily make that amount. And that’s the caliber of engineer that is typically making this type of exit.
You’re commenting as if your circumstances are the same as a tech bro founder’s, which seems to be incorrect.
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Nah, precisely because we would cash out and settle for peaceful lives long before we’d become billionaires or even millionaires. It takes a certain type of person to begin earning millions and conclude “that’s not nearly enough, I need this times a thousand”. None of them are “good” people.
You don’t usually just “begin earning millions”, some businesses snowball to billion-dollar size quite quickly. Instagram had only a few dozen employees before being sold to Facebook for billions.
It happens, especially in tech, but I’d say it’s still the exception to the norm.
Honestly selling the company is understandable. Getting out is normal.
It’s the ones that turn into sociopaths that bother me.