Whatsapp Co-Founder Still Harvesting $450 Million Stock Rewards!

Before this year, four months in the past WhatsApp Co-founder, Jan Koum; introduced his selection to have Facebook or myspace and in addition stage straight down from his place as a member of Facebook’s board of company directors.

Whatsapp founder net worth

In 2014, Facebook amazed the planet whenever it bought WhatsApp for $19 billion.

When Koum announced his plans to leave, there were reports that he could be losing out on as much as $1 billion if he leaves before his stock award fully vests.

Soon after presently promoting about $7.1 billion dollars worth of his reveals in Facebook, it can be crystal clear that Koum is aware of what he’s doing. He has continuing showing up for the place of work in an attempt to acquire the last worthwhile paycheck: a huge $450 million in Fb supply.

This is probably the types of a Silicon Valley exercise generally known as “resting and vesting”.

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Koum’s News in April

In Silicon Valley vesting, resting and vocabulary reference when rich and wealthy business people or designers who are on the solution of your technical company, may adhere around right up until their home equity inside the company is completely vested.

Silicon Valley’s work of resting and vesting is a traditions that may be true and can be described as an “open secret”.

An episode in the HBO present “Silicon Valley” mimicked this respond; when technicians spent time enjoying and relaxing their selves over a roofing without doing any operate.

Vesting intervals are usually 4 years and after that the whole stock grant is provided to the worker under consideration. Koum merely has one particular vesting time kept to the year which is appointed for October.

The Wall structure Streets Journal reported that Koum paid a visit to Facebook’s offices in middle-July. Meaning he has accomplished one particular condition in their job deal.

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The Explanation For The Spat

Koum’s choice to leave Facebook was supposedly due to a disagreement about info privacy as well as the online messaging app’s business model. Before he made his announcement, there were also reports that the spat had gone on for several months.

Each Koum and his co-creator, Brian Acton (who remaining the organization last year), are devoted privacy supporters; who have been worried about the protection and privacy of the app’s consumers.

Once they announced the purchase of WhatsApp four years back, they offered their users that their data could be safeguarded rather than discussed.

In 2016, WhatsApp more than doubled down on its pledge with the help of encryption of user data within its services.

This will make Koum’s departure from the organization very strange. The management and board of directors of your business have remained dedicated and fully commited; inspite of the scandals and troubles the business has gone through.

Koum is likewise the only real founding father of a startup obtained by Facebook or myspace who grew to be section of the table associates.

Ultimately, Koum and Acton were put on down through the differences in technique; their reasons behind making Fb tend to be more ideological than economic.