Instacartmoney💰

Congrats Honey!

👏👏 https://techcrunch.com/2019/11/20/paypal-to-acquire-shopping-and-rewards-platform-honey-for-4-billion/ With only $48M raised it seeems that they kept the dilution pretty minimal! Any good outcome for early employees?

PayPal to acquire shopping and rewards platform Honey for $4B
PayPal to acquire shopping and rewards platform Honey for $4B
TechCrunch
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Amazon UTukMyJerb Nov 20, 2019

Honey employees in the money! Good for them.

Salesforce Full-Send Nov 20, 2019

Congratulations

Hallmark yomamatb Nov 20, 2019

I've been researching this too😄 can any employees comment on the equity they received upon joining and the monetary benefits of this acquisition they will be expecting? Inquiry minds want to know.

Instacart money💰 OP Nov 20, 2019

Honestly with that kind of minimal dilution and the deal being mostly cash. Fully vested early engineers who joined with between 0.1 and 0.7% equity might have ended up with $4M to $28M. Unless founders did some shady business...

Hallmark yomamatb Nov 20, 2019

That is pretty fucking impressive. I applied there a few months ago but never heard back from them. Goddammit🤣

New
zAjY50 Nov 20, 2019

Hearing $5.15 a share

Instacart money💰 OP Nov 20, 2019

Hopefully employees enjoined multiple stock split along the way at the price.