<story><title>Confirmed: Walmart buys Jet.com for $3B in cash</title><url>https://techcrunch.com/2016/08/08/confirmed-walmart-buys-jet-com-for-3b-in-cash/</url></story><parent_chain><item><author>KenCochrane</author><text>Jet.com ran a contest where they gave 100,000 shares as the top prize for the most signup referrals. This Guy is probably one happy guy right now. He spent $18k and the value of those stocks are probably worth in the millions.&lt;p&gt;&lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;www.businessinsider.com&amp;#x2F;jet-insiders-referral-program-winner-2015-2&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;www.businessinsider.com&amp;#x2F;jet-insiders-referral-program...&lt;/a&gt;</text></item></parent_chain><comment><author>nugget</author><text>The last $350 million round @ a $1.6 billion valuation priced common shares @ $5&amp;#x2F;share implying ~ 320 million common shares (napkin math ignoring a bunch of other variables).  100,000 options would represent .03125% of the company.  Assuming the strike price was at least $500 million (maybe more), that&amp;#x27;s a gain of $781,250, or ~ 43x on his initial $18k investment.  A great angel investment for sure, but perhaps not millions.  If that&amp;#x27;s truly the same number of options that some of the earliest employees were granted (as mentioned in the article), then I feel bad for those employees as they probably deserved a bit more.</text></comment>
<story><title>Confirmed: Walmart buys Jet.com for $3B in cash</title><url>https://techcrunch.com/2016/08/08/confirmed-walmart-buys-jet-com-for-3b-in-cash/</url></story><parent_chain><item><author>KenCochrane</author><text>Jet.com ran a contest where they gave 100,000 shares as the top prize for the most signup referrals. This Guy is probably one happy guy right now. He spent $18k and the value of those stocks are probably worth in the millions.&lt;p&gt;&lt;a href=&quot;http:&amp;#x2F;&amp;#x2F;www.businessinsider.com&amp;#x2F;jet-insiders-referral-program-winner-2015-2&quot; rel=&quot;nofollow&quot;&gt;http:&amp;#x2F;&amp;#x2F;www.businessinsider.com&amp;#x2F;jet-insiders-referral-program...&lt;/a&gt;</text></item></parent_chain><comment><author>Zombieball</author><text>I wonder what the specifics are.  It says &amp;quot;stock options&amp;quot; in the linked article and &amp;quot;He&amp;#x27;ll be able to vest or exercise his stock options if Jet ever goes public or sells to another company.&amp;quot;&lt;p&gt;I always hear stories about early stage employees getting the short end of the stick during acquisitions. Could there be a chance that this acquisition ends up not in his favor and he is out $18k?</text></comment>