Share with your founders and alway ask for equity.
lucifer09
Stealth
10 months ago
Do you think everyone would get the equal amount?
See more comments
VagueElbow
Stealth
10 months ago
10 lakh ko millionaire bola hai. Can't get a decent car in that amount.
10L ko million bolne wale logo se dur rehna chahiye 😂
10L toh college ki fees hoti hai aajkal.
Have friends in EazyDiner. They staunchly deny the accuracy of this claim.
Qwerty2398
Stealth
10 months ago
When a founder/ leadership says anything related to money or financials to the public it's probably fake or exaggerated. Am guessing they are facing attrition or they want to attract better talent so this hook and bait.
Eazydiner has mostly premium restaurants not like Zomato also having 400₹ for 2 fast food joints as gold restaurants having 20% off.
DesignTinker
Stealth
10 months ago
Bakwasmaal
Stealth
10 months ago
The headline is misleading - clickbait
TheOatmeal
Stealth
10 months ago
*good founders
DesignTinker
Stealth
10 months ago
Umadbro
Stealth
10 months ago
Though startups don’t offer these, but a profit sharing model could be a good solution. It aligns the incentives well in an ideal world:
1/ in general , esops incentivize that company maximizes valuation. That means decisions at the top level are driven by this. The best outcome for VCs who have a portfolio, not really for employees .
2/ in profit sharing, employees benefit via profit so they are likely to factor that into their decision making. Ask the excesses go away, and initiatives are taken towards making the company profitable.
3/ saves in ltcg and stcg when the esops are exercised. Afaik, no tax for profit options.
These are usually offered by private equity companies. If the goal of a business is not venture outcomes, maybe profit sharing would be a better model.
Tech8
Stealth
10 months ago
2cr is way fucking less than million Dollar. Anyways i know why founders do this, to get most visibility and free buzz for upcoming peak season, moral booster
Megamind007
Stealth
10 months ago
He said," 40 cr total ESOP VALUE distributed in 39 employees, making each, on average, 1 Cr on paper" and they have only cashed out 5% of esop i.e 2 cr to distribute among them. And he believes it will be worth 80 cr by somehow then each worth 2cr ESOP.
And he means millionaire by calling crorepati.😪🥲 Hope it will clear most of your misunderstanding. Now,
SeriousCleat
Stealth
10 months ago
Tax will be 30%
In hand most of them would have 7 lacs. If you ask most of the bank employees in icici, hdfc, itna they get incentives every year.
It is 100% rupee millionaire.
MaddDogg
Stealth
10 months ago
Did they go public or someone bought it? Or ESOPS are given so far?
Discover More
Curated from across
