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A great example to others who have success because of open source. It should be a common thing that once you find the coveted golden parachute in the sprawling game of life, you give a percentage back to OSS as a tradition to others on the adventure.


Isn't the expression "golden parachute" typically reserved for excessive payouts when an employee gets fired/made redundant/laid off/etc? As far as I know Jan Koum still works as CEO for WhatsApp, so this isn't from a "golden parachute" payment.


Yeah, golden parachute makes no sense in this context.


Yes it is but it is also used for acquisitions where the money is so big that the person suddenly never has to worry about anything ever again related to money, a golden parachute. Typically though most acquisitions founders/co-founders will leave after their couple years of vesting as with new money they have more opportunities, doesn't always happen but usually. The recent Facebook buys of Oculus and WhatsApp may be different and more like Amazon's Zappos and Twitch acquisitions.

Here I was using it more as a game item that you get so much money from a successful product that you don't really have to worry about anything again. I usually hear it with technology acquisitions and founders leaving later after the money than with termination as there are only golden parachutes for failure in the financial industry.

I should have said funding or freedom, as the funding from WhatsApp sale now gives Jan Koum the freedom to work on many ideas and support important projects like BSD.


I hate to be pedantic, but I think the phrase you're looking for is "golden handcuffs"


It's not even pedantic.

Golden parachute: you're forced out (by a lay-off or takeover) but they're obligated to give you a pile of money.

Golden handcuffs: you volunteer for corporate servitude (by being acquired) in exchange for a big pile of money.


True, I should have said that or multimillion dollar jetpack.




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