It seems whenever there is an IPO, people mention “millionaires”.
But I guess in most cases that only applies to who joined relatively early? Also, shouldn’t the stock price matter more after first RSU vesting?
It seems confluent is not 1.5x 2x.
Correct me if I’m too naive.
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A lot of scrubs try to join a startup right before the ipo because of this belief. They point to roblox, airbnb, and doordash as proof that ipo == millionaire. But they don’t point to uber, lyft, and dropbox because that would break their confidence in their decision.
In reality even if they become a “millionaire” they would need to stay for a few years to actually get there. And then if you look at the performance of public companies, you’d realize the gains between airbnb and Facebook in the last five years was not all that different. I’d venture to guess that all those ppl who left Facebook for Uber right before the Uber ipo are secretly wishing they had just stayed at Facebook.
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