On: There's a .00006% Chance of Building a Billion Dollar Company

[periferral]

Any idea how he comes up with $73k/yr? He says 3 members, 49 months and I'm assuming he means $1b. By my calc that is still $8m/y.

[lionheart → periferral]

Well, probably the 3 split a small percent of the final equity because of dilution from investors.

[jeremyt → lionheart]

If you are a founder in a company that sells for a billion dollars, and you only come out of it with 300,000, that's an almost criminal level of incompetence.

That's .03%. Assuming you start from some whole number of percentage ownership, it's almost impossible to get diluted that low. You would need something like 10 rounds of 50% dilution.

[periferral → jeremyt]

i agree. sounds like something emp #300 should walk away with.