"mm" is a perversion of "MM", which is derived from Roman numerals (M is 1000, and MM is M*M). This notation has a long history of use in business and accounting.
For consistency, the author's use of "bln" should be "BB", or at least "B". These have no Roman antecedents, but they are common in accounting.
I've never seen "MMM" for billion. Missed opportunity! I'll have to suggest that to our CFO for our next filing.
Ah, the repeated companies had me confused for a moment, too! The list is partitioned by { company, founder } (note the different ownership percentages), which is why some companies appear multiple times.
Definitely the former, unless you feel that only co-founders deserve market pay and equity that pays out at >$0. In many cases, employees even lose money because they have to exercise options with no insight into if they'll ever be worth a dime.
Nothing like publishing a textual data table as a giant picture.
"If this data doesn’t get you off the couch and coding the next great product, I don’t know what will." If the hope of a 9 digit payoff is what's motivating you to start a company, you're better off trying your luck on a roulette wheel.
> ” If this data doesn’t get you off the couch and coding the next great product, I don’t know what will.”
Well, that’s a severe lack of imagination by the author. I can think of lots of reasons to start coding a new project that are not how much a few dozen of people earned in an IPO.
What a gross overstep by Spotify. Over $9B combined between the two founders!?! Meanwhile bands are struggling to make it through the pandemic. Guess I'll be deleting my Spotify account. Barf.
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[ 4.2 ms ] story [ 67.2 ms ] threadTherefore "mm" is the most unambiguous way to denote millions, and is used in accounting.
For consistency, the author's use of "bln" should be "BB", or at least "B". These have no Roman antecedents, but they are common in accounting.
I've never seen "MMM" for billion. Missed opportunity! I'll have to suggest that to our CFO for our next filing.
Plus the tone of the article makes it seem like a quick marketing piece to try and advertise their VC fund.
Additionally sometimes the founder's name is right in one row but not in the other e.g. Cloudflare's Matthew Prince (right) vs Matthew Price (wrong).
Not a good look.
If you take a market salary, and see equity as what it is (a lottery ticket that might, maybe get you a few tens of grands) then it's fine.
It also self-selects for "major" offerings as well. I'd be curious to see this table for ALL tech IPOs.
"If this data doesn’t get you off the couch and coding the next great product, I don’t know what will." If the hope of a 9 digit payoff is what's motivating you to start a company, you're better off trying your luck on a roulette wheel.
Additionally sometimes the founder's name is right in one row but not in the other e.g. Cloudflare's Matthew Prince (right) vs Matthew Price (wrong).
Not a good look.
Well, that’s a severe lack of imagination by the author. I can think of lots of reasons to start coding a new project that are not how much a few dozen of people earned in an IPO.
It claims an "average" from this list while intentionally neglecting less-successful IPOs and downright failures.
Also, I'd be curious to see what the exits are after the 3-6 month lockup period. Some startups IPO decently, but then tank.