I am interviewing for a company owned by Thoma Bravo. I was told the compensation would be a total cash offer with no equity. Is this normal for a privately owned company? Barracuda Networks was public before but was bought by Thoma Bravo.
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Well, I will tell you it's not true in it's entirety. Internal employees have got some equity after the acquisition, hoping for a second IPO. But, I don't know their approach for new hires. DM me happy to share info.
What happened to unvested stocks of employees of barracuda when Thoma Bravo acquired you.
They vested at the assigned time frame and at a rate TB brought us.
Op - tag Barracuda for more visibilty.
Good luck with your new PE 😜 ..
Can you please help the community with pinaple question?
Depends on the deal. With Barracuda the stocks continued to vest at the purchase prices(TB purchase). for Riverbed, they pre vested stock at the purchase price. Lot of folks quit after pre vesting.
Thank you!
Depends on your position. I started within the last year with an offer incl cash and equity
Sure. Are they worth anything? Unless there is a spinoff or another IPO (largely unlikely). Other than the network security, there is not much innovation happening. No acquisitions that are worth noting. I quit after fighting the acquire vs build battle.
Very likely we end up like Riverbed..
It's common even in public companies