Ben chestnut and dan cursius each owned 50 % of mail chimp. 300 million dollars was given to employees as bonuses for the deal. 200 million dollars worth of ricted stock units was being issued by into it two mail chip employes. Beyond that, 11 point seven billion dollars was paid out in stock and cash,. making ben chestnut anddan cursius multi-billionaires.
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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