Dodgeball founder quits Google; will Google kill the service? - Valleywag Comments

Dodgeball founder quits Google; will Google kill the service?

cv — Tue, 17 Apr 2007 07:24:19 PDT

LOL, okay, I see it now. It's four years and two months, not four years and four months.

I don't need a better lawyer or smarter friends, I just need the right amount of coffee! :)

Dodgeball founder quits Google; will Google kill the service?

cv — Mon, 16 Apr 2007 13:22:15 PDT

There are various vesting schedules and yes, I think the two-year golden handcuffs is pretty commonplace for acquisitions, but who knows what the Dodgeball guys got.

Even if these guys are on the two-year plan, it still depends on when the grant date was and whether or not they repriced their options (which normally resets the clock).

Dodgeball founder quits Google; will Google kill the service?

trevo — Mon, 16 Apr 2007 12:03:24 PDT

@cv: Are you referring to a VC-founder/employee stock option schedule?

AFAIK, "golden handcuffs" through acquisitions are usually shorter and two years is the norm.

trevo

Dodgeball founder quits Google; will Google kill the service?

cv — Mon, 16 Apr 2007 11:55:23 PDT

Perhaps you are right, but I would not say that to my current lawyer and friends. :P

Then again, money isn't everything...

Dodgeball founder quits Google; will Google kill the service?

bread — Mon, 16 Apr 2007 11:45:34 PDT

@cv: 4+4, eh? You need a better lawyer, or at least smarter friends.

bread

Dodgeball founder quits Google; will Google kill the service?

cv — Mon, 16 Apr 2007 11:42:16 PDT

Of course, an 18-month schedule is possible, but it would be very unusual. In any case, the comment implies that he is not fully vested.

A typical Sillycon Valley vesting schedule is an initial 20% on the one year anniversary of the grant date, plus 2% per month thereafter, thus four years and four months to be fully vested.

Dodgeball founder quits Google; will Google kill the service?

Nick Douglas — Mon, 16 Apr 2007 10:39:25 PDT

Then I'm guessing an 18-month schedule.

Nick Douglas

Dodgeball founder quits Google; will Google kill the service?

cv — Mon, 16 Apr 2007 06:41:16 PDT

I assume that he did not get his money's worth from waiting.

In any case, the clock probably started ticking from the first day of public trading (September 28, 2005), not the date the Dodgeball deal was announced. So even if he was on an accelerated two-year vesting schedule, he's still six months short.