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elixerprog9

41 karma · joined August 29, 2015

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elixerprog9··on Minecraft creator Notch shares the darker side of life after a big exit
Notch never offered them the choice.
elixerprog9··on Minecraft creator Notch shares the darker side of life after a big exit
I'm not trying to hate on Notch, just observing that even a small % of equity would have been enough to cover his employees.
elixerprog9··on Minecraft creator Notch shares the darker side of life after a big exit
From his feed:

"like three people thanked me for the two million kronor after tax bonus i gave from my own private money. Others said I was cheap."

Per Google, the exchange rate for Swedish Kronor to US Dollars is 0.12, so 2,000,000 Kronor works out to $240,000, which while certainly a nice and possibly even life-changing bonus is hardly enough to retire on in Sweden given the cost of living.

Considering the company sold for more than $2.5 billion and Mojang had so few employees, Notch could have easily made all of them millionaires while still walking away himself a billionaire. In fact, probably the only reason they didn't all end up rich is because Notch never gave any of his employees any equity in the company whatsoever.

Honestly, "cheap" isn't a completely inaccurate description of his conduct here. But it was his company, and now it's his money, and he can do as he pleases with it, but publicly complainig that his former employees aren't especially grateful to him, despite his relative stinginess (no stock options at all?), is silly.