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18.9% shares, not bad. Had a chat with him a few year ago at the gitlab booth at Fosdem.

Somewhere around 2014 Sytse asked my former coworker to become gitlab’s first employee, working on Ruby code. Completely understand the request, as he’s an excellent DevOps engineer and fine colleague. He declined to opt for a more secure job position ....



FWIW as the first engineer he might have gotten 1% of the stock, which would be worth about $6M. If he's really that good, there is a decent chance his more secure job has paid that much in 7 years, especially if it was with a FAANG company.


No way it is 6M. That is too low. I could have got that by joining stripe a few years back while enjoying high salary.


No company in NL pays FAANG salaries. My former coworker‘s rate as external consultant is around €120/h.


i think your math is off. 1% of the stock (assuming that's fully diluted at IPO) would be worth $60M ;-)


I was assuming a 10x dilution since they took $845M in funding. :)


10x dilution seems super high to me, even with 845m in funding.




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