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Jan 11, 2022
10:42
:07
am
dYrtbYkerYder
All-American
Particularly in Utah.
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dYrtbYkerYder
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dYrtbYkerYder
Joined
Sep 27, 2006
Last login
Apr 25, 2024
Total posts
22,819 (136 FO)
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Messages
Author
Time
Lehi-based MX is looking to IPO or get acquired
Kolipoki
1/11/22 10:12am
Meh, Utah tech companies screw their employees all over with IPOs or aquisitions
Chefcurry
1/11/22 10:14am
That was my thought as well.
dYrtbYkerYder
1/11/22 10:16am
You're not wrong, that happened to me at my last company.
Kolipoki
1/11/22 10:19am
Yep same here. I was promised a lot and go absolutely nothing when my tech
Chefcurry
1/11/22 10:28am
I know a couple of people within the 75 employees and they got paid very well.
Dynomite
1/11/22 11:14am
What positions? My buddy was in customer success.
Chefcurry
1/11/22 11:32am
If you would have joined last year you would have received basically nothing.
The_Cuss
1/11/22 10:18am
It really just depends on the company. You can get a lot of stock fast from some
dYrtbYkerYder
1/11/22 10:27am
Not 1 year pre IPO. And if you do, the adjusted equity price isn’t close
The_Cuss
1/11/22 10:42am
I hear what you're saying, but it doesn't apply to all situations.
dYrtbYkerYder
1/11/22 11:00am
Yeah, there are always outliers.
The_Cuss
1/11/22 11:08am
Don't modern start ups give employees basically nothing compared to
Windward_Coug
1/11/22 10:27am
Or they give them a lot up front, then dilute it like crazy before going public, it seems
Mike Honcho
1/11/22 10:37am
Particularly in Utah.
dYrtbYkerYder
1/11/22 10:42am
I work for a startup that's planning on going public this year. Was hired last June. I got plenty of equity along with
Vincent's Picks
1/11/22 10:45am
That’s awesome, but it’s nothing like others received early on. Good luck with
The_Cuss
1/11/22 10:49am
Even though tech startups sell you the sky hardly anyone makes real money on the exit. But people continue to bite on
YIsForBrigham
1/11/22 10:54am
Agree 100%
The_Cuss
1/11/22 11:07am
Agreed, I was one of the first 6 of a company that sold for $1bil, I had a ton of shares but through the multiple rounds
Mobojo
1/11/22 2:28pm
That sucks man. But people should really hear these kinds of stories more often. The pot of gold at the end of the exit
YIsForBrigham
1/11/22 2:37pm
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