https://www.intuit.com/blog/news-social/intuit-to-acquire-mailchimp/amp/?__twitter_impression=true https://www.businesswire.com/news/home/20210913005806/en/Intuit-to-Acquire-Mailchimp Mailchimp is actually a pretty good fit. This is to help small businesses using Quickbooks market their product/business within the quickbooks ecosystem using Mailchimp.
$12B for the founders. No investment and no stock for employees there. Heck of a deal.
Whatâs more impressive is no outside funding over 20 years and 750 million in ARR with 1200 employees⌠Congrats to the founders but sucks that employees werenât given equity.
This is costliest acquisition that Intuit ever did even more than creditkarma
Yeah, I appreciate that Sasan & the board are using Intuitâs resources to make big moves like this. Itâs definitely different than buying small b-list players like demandforce and hoping to scale them up internally.
I didnât know Mailchimp employees donât have any equity in Mailchimp, thatâs too bad. But the (average) $250K RSU âsigning bonusâ from Intuit isnât bad, and hopefully you all will get more from Mailchimp!
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I signed my offer several weeks ago and going to join soon (SWE). Is it going to benefit new employees in any way?
12 billion, and 2.5% (300M) set aside for employees ? What a joke ! But perhaps the employees deserved it for being naive
The 300M is Intuit RSUs. There is a separate cash bonus from the founders that no one knows the particulars of. Gonna wait until we know more to get actually excited, but this deal could be huge for us.
If the separate cash bonus would be sizable, people would have known about it, the information would have been public! I hope itâs sizable but donât bet on it. Do update this thread when more figures are out
Hey maybe youâll get Clippers tickets!
Rich yet?
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the only thing I know about Mailchimp is that they used to advertise on the podcast Serial in 2014
Anything you know about the other co?