Perhaps they should have. After all, without the employees' help Mailchimp wouldn't have been worth 12 billion today.
It is sad when people see others succeed and get angry.
When you accepted the job, you knew the terms. Those included not getting equity, and those included carrying some risk with known reward.
I don't see how the owners selling retroactively makes the risk-reward balance different. Unless you consider it a risk/downside that someone else gets a windfall and you don't get to share. That seems silly to me tho. How rich someone else is does not affect how much money I need to live, with a few exceptions (inflation, friends, power dynamics in pre-existing relationships).
Apart from that, if people were serious about not selling, they’d make employees meaningful shareholders. Salary entails zero loyalty and zero stake in the company on the part of the employee. In the latter case, why would you believe that they wouldn’t sell? That’s what people do.
meanwhile they get to reap (in this case) 100% of the rewards from everyone else’s hard work. if that doesn’t make you angry, perhaps you should reevaluate whose interests your ideology serves.
I fail to see how. If you are compensated at the market value of your work, that seems fair and Mailchimp gave generous compensation.
You could argue that the gap between wages and capital gain has become too big, a point on which we will be in agreement but to be honest with you, I think the surprising part is that someone would want to pay 12 billions for a company with $700 million of revenue. Still I have found the market to be surprising for a long time so maybe it's time I reassess my expectations.
MC paid off my house in 4 years, and I retired after another 4.
