Maelchim is paying out post acquisition bonuses to its employees. Founder Ben Chestnut says it makes total sense because Atlanta has a less competitive talent market than New York or London. He believes the company should have given stock options and restricted stock units, but decided not to do so as they thought there was no chance of selling. chestnut: "i don't think we can penalize the founders without knowing the answer"
Mailchimp recently sold for $12 billion to Intuit, the small business powerhouse that owns Quickbooks, Turbotax, Credit Karma, and Mint. This deal is the largest ever acquisition of a privately-held bootstrapped business. In this episode, I walk you through the history of the company and lessons we can all learn from its meteoric rise.
Check out episode transcripts at https://foundersjournal.morningbrew.com to learn more, and if you have any ideas for our show, email me at alex@morningbrew.com or my DMs are open @businessbarista
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