This is why it was a founder that complained about the equity/pay problems, rather than any engineer.
If they actually rewarded their Waze employees with enough equity, the employees would have pushed much harder to not get acquired and been much more upset afterwards. You should be highly suspect of any investor or founder that thinks an acquisition is a successful outcome.
What's clear is that Waze employees finally got compensated fairly, and the founders suddenly didn't have 100x upside. There's a reason it's a founder with the frown at TGIF at Google, and all the employees are excited and smiling.
If they actually rewarded their Waze employees with enough equity, the employees would have pushed much harder to not get acquired and been much more upset afterwards. You should be highly suspect of any investor or founder that thinks an acquisition is a successful outcome.
What's clear is that Waze employees finally got compensated fairly, and the founders suddenly didn't have 100x upside. There's a reason it's a founder with the frown at TGIF at Google, and all the employees are excited and smiling.
They're finally getting paid.