In case you just want to skip into Zuck email part<p>“This email should probably be attorney-client privileged, not quite how to do that though.<p>Anyhow, Sean and I have agreed that a price of one-half cent per share is the way to go for now. We think we can maybe almost justify and if not, we'll just deal with it later.<p>We also agreed that if the company bonusing us the amount we need for the shares, plus tax, is a good solution to the problem of us all being completely broke.<p>As far as Eduardo goes, I think it's safe to ask for his permission to make grants. Especially if we do it in conjunction with raising money. It's probably even OK to say how many shares we're adding to the pool. It's probably less OK to tell him who's getting the shares, just because he might have adverse reaction initially. But I think we may even be able to make him understand that.<p>Is there a way to do this without making it painfully apparent to him that he's being diluted to 10%?<p>OK, that's all for now. I'll send you the list of grants I need made in another email in a second. Sean can send you grants for his people when he stops coughing up his lungs.<p>Hope you guys both feel better,
Mark”
This happens to startup employees <i>who still work for their startup</i> on a daily basis. Crazy to me that founders don't bat an eye at screwing employees, but everyone seems to be out for blood just because some FB founder who left the company only got a gazillion dollars instead of 3 gazillion.
In case anyone is wondering here are the net worth figures as of Sunday 20 January 2020:<p>Eduardo Saverin Net worth: 10.1 billion USD (June 2019)<p>Dustin Moskovitz Net worth: 13.4 billion USD (2020)<p>Sean Parker Net worth: 2.7 billion USD (2020)<p>Mark Zuckerberg Net worth: 80.7 billion USD (January 2020)<p>Chris Hughes Net worth: 430 USD million (2017)<p>Sorry if I have missed anyone off this list, it is just for simple comparison.
"the guy everyone now hates because he's renouncing his US citizenship in order to avoid a lot of taxes". That's a bit of a stretch isn't it?
I've been cut out of some pretty significant deals in my time, one of them would've made me <i>quite</i> wealthy, and all I can say is - sucks to be this guy.<p>Greed and hubris are probably one of the biggest barriers to entrepreneurial participation. I sure wish there had been at least some way to mediate my particular dispute, but nevertheless: this is why you lawyer up.