Marcio Jose Sanchez / AP
Instagram CEO Kevin Systrom, at left, is becoming a very wealthy man.
By msnbc.com staff
Wired has another angle on Facebook?s $1 billion purchase of photo-sharing service Instagram: CEO Kevin Systrom is about to be a very rich guy.
Forget Porsche --?the Lamborghini dealer should be looking up this guy?s number.
According to Wired, Systrom owns 40 percent of Instagram, meaning he will?get $400 million in the cash-and-stock?deal. Co-founder Mike Krieger, with a?10 percent stake,?will net about?$100 million, according to Wired. Several venture capital firms also each stand to get $100 million or more of the purchase price.
The rest of the company?s 13 full-time employees will each get a portion of a nearly $100 million pool, with specific amounts awarded by how long the employee has worked at Instagram.
Only 13 employees to split that? That?s only slightly less cool than winning the lottery.
earthquake fisker karma lorax super tuesday states shepard fairey is snooki pregnant snooki pregnant
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.