DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
Combined, both of the founders of Robinhood had 17% of the company worth $5B.
We all have the perception that founders make boatload of cash each month.
Like swimming in dollar bills.
Flaunting lamborghinis and hosting dinner parties on super yachts.
Living in posh NYC penthouses and flying only business or 1st class.
Well…
That maybe partially true.
I came across a crazy list that broke down all the founders and how much their stock was worth when their startup hit the big payday and IPO-ed since 2018.
It was truly inspiring.
And strangely motivating too.
In short, if you are the founder or co-founder of a startup that manages to IPO, you are rich beyond your wildest dream.
Even if you don’t own a majority of the shares, you would still have a minimum of 8 digits.
The lowest amount owned by a founder when his/her company IPO was around $20M.
And that was Andre Durand from Ping Identity, who owned just 2% of the company he founded.
We would be smiling too if we had $15B.
The highest was Brian Armstrong, CEO of Coinbase, who had 20% and was worth $15B.
Yep, flying on a G6 no doubt.
On average, each founder got paid $918M once their startup IPO.
The VCs and other stakeholders also got their payday.
Ah, no wonder everyone wants to start a startup.
The end goal (at least one of them) is to IPO and make bank.
Whatever you may think, that is a life-changing kind of wealth that doesn’t come to most of us.
When you are starting off, equity means very little.
A few percentage here and there really have no significant impact on anything.
Daniel Elk had 28% of Spotify worth nearly $6.5B when it IPO-ed.
That is why they always say equity is to a founder what insurance is to life.
You never quite know if you need it, but when you do, it usually matters a lot.
That is why as your company grows and you start fundraising, being knowledgeable with your cap table is critically important.
As seen from the examples, even just a 1% difference in equity of a $86B company like Coinbase can be extremely substantial.
Just a reminder to all young founders out there.
But don’t take this the wrong way and horde over your equity like a vampire.
Be fair, be firm and be prudent, that’s all you can do.
Huge props to Blossom Street Ventures for their research.
Check it out here: https://blossomstreetventures.medium.com/founder-paydays-at-ipo-e625ac076d43
-
Do you want to start a startup?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #strategy #hacks #founders #ipo #stocks #equity #firstime #founders #coinbase #eth #btc #crypto #hackers #wallets
Combined, both of the founders of Robinhood had 17% of the company worth $5B.
We all have the perception that founders make boatload of cash each month.
Like swimming in dollar bills.
Flaunting lamborghinis and hosting dinner parties on super yachts.
Living in posh NYC penthouses and flying only business or 1st class.
Well…
That maybe partially true.
I came across a crazy list that broke down all the founders and how much their stock was worth when their startup hit the big payday and IPO-ed since 2018.
It was truly inspiring.
And strangely motivating too.
In short, if you are the founder or co-founder of a startup that manages to IPO, you are rich beyond your wildest dream.
Even if you don’t own a majority of the shares, you would still have a minimum of 8 digits.
The lowest amount owned by a founder when his/her company IPO was around $20M.
And that was Andre Durand from Ping Identity, who owned just 2% of the company he founded.
We would be smiling too if we had $15B.
The highest was Brian Armstrong, CEO of Coinbase, who had 20% and was worth $15B.
Yep, flying on a G6 no doubt.
On average, each founder got paid $918M once their startup IPO.
The VCs and other stakeholders also got their payday.
Ah, no wonder everyone wants to start a startup.
The end goal (at least one of them) is to IPO and make bank.
Whatever you may think, that is a life-changing kind of wealth that doesn’t come to most of us.
When you are starting off, equity means very little.
A few percentage here and there really have no significant impact on anything.
Daniel Elk had 28% of Spotify worth nearly $6.5B when it IPO-ed.
That is why they always say equity is to a founder what insurance is to life.
You never quite know if you need it, but when you do, it usually matters a lot.
That is why as your company grows and you start fundraising, being knowledgeable with your cap table is critically important.
As seen from the examples, even just a 1% difference in equity of a $86B company like Coinbase can be extremely substantial.
Just a reminder to all young founders out there.
But don’t take this the wrong way and horde over your equity like a vampire.
Be fair, be firm and be prudent, that’s all you can do.
Huge props to Blossom Street Ventures for their research.
Check it out here: https://blossomstreetventures.medium.com/founder-paydays-at-ipo-e625ac076d43
-
Do you want to start a startup?
-
#startups #business #startupx #growth #success #socialmedia #culture #web3 #strategy #hacks #founders #ipo #stocks #equity #firstime #founders #coinbase #eth #btc #crypto #hackers #wallets
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CEO of StartupX | DeFi, NFT, Crypto, Web3.0 Builder | Co-Founder at IxSA | Director of Startup Weekend Singapore | Sustainability Champion
DurwinBurger King gave candy to a worker has worked for more than 20 years.
The Whopper, which was first introduced in 1957, was a quarter-pound, oversized burger on a vast five-inch bun that cost a reasonable 29 cents.Large corporations can be cruel and uncaring. They often claim to care about their employees, but sometimes the reality can be quite different. This is the story of Kevin Ford, a cook and cashier at Burger King who had worked tirelessly for over two decades. To celebrate his remarkable feat of never taking a sick day, Burger King decided to shower him ...
DurwinSomeone crashed the entire Onion market in America, made millions, walked away scott-free and starte…
We learnt that perfect monopoly can cause catastrophic damage to any economy, even the onion market.A tiny man who rocked America with Onions History doesn’t repeat, but it rhymes. You want to learn something, anything? Look back in history and it will surprise you just how eerily relevant it can be even in modern times. With the advent of Bitcoin, Cryptocurrencies, Tech titans and startups, you get all sorts of happenings like Tulip Mania, recessions, Feds stepping in, market manipulations a...
DurwinThe youngest self-made billionaire just bought Forbes.
Austin Russell is an American entrepreneur, founder and CEO of Luminar Technologies. Luminar specializes in lidar and machine perception technologies, mainly used in autonomous cars. Luminar went public in December 2020, making him the world’s youngest self-made billionaire at the age of 25.Wha’s up with billionaires and news media? In a stunning turn of events, Austin Russell, the youngest self-made billionaire of 2021, has made headlines once again by acquiring a majority stake in Forbes ma...
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