this post was submitted on 22 Aug 2024
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[–] breadsmasher@lemmy.world 11 points 4 weeks ago (29 children)

Do you think he just magicked up an investment? He built a company bought by yahoo. How do you think he created the company broadcast up to that point? By himself? Or did he perhaps have employees who did the hard work?

[–] Nastybutler@lemmy.world 4 points 4 weeks ago (6 children)

And those employees also made a shitload of money. GTFO with this communist agenda propaganda

[–] breadsmasher@lemmy.world 12 points 4 weeks ago (4 children)

Employees made a shitload of money

[citation needed]

[–] Nastybutler@lemmy.world 9 points 4 weeks ago* (last edited 4 weeks ago) (1 children)

http://mixenergy.com/interviews/chris-jaeb-broadcast-interview/

Interview with Broadcast.com's original founder who made bank, his brother who invested $2,500 made $850M and mentions his girlfriend, who also invested, made millions as well. Any employee who had shares in the company which is often the case (you really need citations for how this works?) also would have made a lot of money.

[–] breadsmasher@lemmy.world 6 points 4 weeks ago (1 children)

None of those investors were employees. I know exactly how it works.

Beyond a vague “any employees who had shares..” which, yeah, obviously. Which they would have had to purchase. Which anyone could do, regardless of being an employee

[–] Nastybutler@lemmy.world 6 points 4 weeks ago (1 children)

Most tech startups, especially at that time, would offer stock in lieu of better pay

[–] breadsmasher@lemmy.world -4 points 4 weeks ago

Talking very generally now - what happened to the full throated defence of cuban?

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