How many folks made over 10L in this buyback?  Any folks who made over 1Cr?

Welcome to Indian Startups's Private Community

PocketFM Buyback worth $8.3M

Office Assistant

PocketFM Buyback worth $8.3M- Grapevine

Folks from PocketFM it’s time to spill some tea.

PocketFM completes its ESOP buyback

Product Manager

Where did you work and how much money did you make?

Asking as it looks like a lot of promise of ESOPs and wealth creation has failed employees in this bloodbath slow growth, layoffs, and job changes.

"ESOPs made me rich af"

I have had ESOPS in 2 companies 
#1 - company got acquired ..I got 45 Lacs IN ESOP ...thats 1.5X of my last annualized salary  ( so additional salary for 18 months) 
#2 - Company became unicorn ... I quit and company bought my ESOPs . Got 2 Cr
That is 3X of my annualized salary

Company 1 - I had joined at very early stage ; Company 2 - I joined at mid-stage

UX/UI Designer

At an early stage startup that is VC funded. Had posted a question on understanding esops which provided great clarity. Now curious as to how much people actually have ended up making from ESOP buybacks. Would be great if you can share- initial exercise price, quantum of esops and final price at which you sold. I currently have 25L in esops for a 2M$ funded company at a strike price of 10.

How much did you make from buybacks

Management Consulting

Welcome to News Discussion's Private Community

Any news on who is getting it, what's like an average payout for eligible employees? As per the news article, approx 19000 employees are getting it. Anyone has insider info?

Flipkart ESOP payout worth $700M

Founder

Source: https://the-captable.com/2024/05/pocket-fm-series-middle-america-160-million-arr/

How does Pocket FM have $160Mn ARR... woah 🤯

Product Owner

Context - Morning Context article on Teachmint
https://themorningcontext.com/internet/teachmint-is-the-latest-edtech-on-the-verge-of-a-crisis

IITians or Ponzi Schemers?

Some excerpts from the article: 
  
 Their core product is not relevant to schools in the post-pandemic world,” says the edtech entrepreneur. “Unless they are able to build additional layers, they will not be able to monetize.” 
 “Burn has been relatively high in the past, however, we have aligned our burn and business structure to be in-line with the current market and macro factors,” said the Teachmint spokesperson. After starting paid subscriptions late in 2021-22, revenue saw “a major ramp” in 2022-23, they said. The company is “working towards breaking even over the next 3 years”. 
  
 “The money got to their head. It gave them fake confidence and COVID exacerbated that. They became cocky and arrogant,” says the second former employee. “I remember discussions used to be like how to make a $10 billion company. And we were like, please get the revenue of $1 million. They thought whatever they touch will turn to gold. And this has been the reason for their downfall.” 
  
 “It is pretty shocking to see identical Mercedes SUVs in the parking lot. How can you do this after raising just a Series B?” asks a second former employee, also on condition of anonymity. “Especially when you don’t have a product and vision?” 
  
  
 “Both Mihir and Divyansh bought houses worth crores of rupees. All this was done when the company still had no steady revenue,” says a third former employee, requesting not to be identified. 
  
 The buyback “is very similar to a founder secondary [just a different structure],” says a VC investor, asking not to be named. “Founder shares are typically locked in. So, if it is a small amount, <Rs 10 crore type in a mature company, yes. Else, likely no.”

Program Manager

1. What’s the valuation at which buyback is offered? How low compared to last funding round?
2. Is this a buyback or secondary sale?
3. Upper cap on how much can someone sell?
4. Is everyone allowed to participate who has vested stocks?
5. Any other rules?
6. Are you happy?

Meesho Buyback Details

Software Engineer

Welcome to Business Roles's Private Community

Share your progress - the journey.
- Where did you begin and where are you now?
- What motivated you to go the extra mile? 
- Where do you see yourself in the next few years?
- What did you do differently then the rest of the pack?

This can serve as a motivation to those of us who wants to improve and as a appreciation for some of us who made themselves a stellar career.

Eager to hear your stories. 🔥

What has been your career/salary progression so far?

2018 - 7.2LPA ( Services startup ) 
 2019 - 15LPA ( Hike ) 
 2020 - 21LPA ( Switch ) 
 2021 - 27LPA ( Hike ) 
 2022 - 33 LPA ( Hike ) 
 2023 - 72 LPA ( Switch ) 
  
 Sorry. Should have posted mine first :)

Lead Engineer

- **Whatfix**, a digital adoption platform, has launched a $58 million liquidity program for its employees and investors. 
- This is the company's fourth buyback of employee stock options (ESOPs). 
- The announcement follows the company's recent $125 million Series E funding round, which increased the firm's valuation to $900 million. 
- Whatfix has been awarded five patents by the US Patent Office and has 18 more in progress. 
- The company has doubled its workforce and opened four new offices since its Series D funding round.

Source: [Entrackr](https://entrackr.com/2024/10/whatfix-rolls-out-58-mn-liquidity-event-for-employees-and-investors/)

Whatfix Announces $58M Liquidity Event for Employees, Investors

Journalist

CRED has offered four liquidation opportunities to its employees since its inception, generating a combined wealth of INR 250 Cr

PocketFM Buyback worth $8.3M

Discover More

Indian Startups on

by Aaron Taye

Stealth

PocketFM completes its ESOP buyback

Indian Startups on

by Jordon Carmden

Unacademy

"ESOPs made me rich af"

Indian Startups on

by Jordon Carmden

Stealth

How much did you make from buybacks

News Discussion on

by Kendall Olive

PayPal

Flipkart ESOP payout worth $700M

News Discussion on

by Blair Carmden

Flipkart

How does Pocket FM have $160Mn ARR... woah 🤯

Indian Startups on

by Anise Carmden

Stealth

IITians or Ponzi Schemers?

Indian Startups on

by Matilda Hyrum

Razorpay

Meesho Buyback Details

Business Roles on

by Kendall Olive

Stealth

What has been your career/salary progression so far?

News Discussion on

by Kendall Olive

Grapevine

Whatfix Announces $58M Liquidity Event for Employees, Investors

Indian Startups on

by Coy Carmden

Stealth

Cred doing buyback? It doesn't even make money