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About 10 years ago I remember visiting a dev company that shared a building with MailChimp (I think it was called High Groove). I just remember them talking about how MC was rolling in money and essentially looking for things to spend on. Said they’d brought in consultants and spent a fortune redesigning their whole office space, etc.

I have no idea what compensation over there looked like, but I can’t imagine that it was anything less than stellar.

I’ve always been of the impression that equity is what you hand out when you can’t afford to compensate people enough otherwise. If they are paying well, not handing out equity seems like a perfectly normal move.




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