Yes, it is the one from 37 signals. He was on their board now an advisor.
It looks like he already made $557,721 by selling some stock during Series G. I think that left him with 414,690 shares worth at least $6.5 million and probably a multiple of that by the time he can sell them. I could be reading this incorrectly though.
He might end up making more off a dozen board meetings than 10 years of hard work at 37 signals. It's a crazy world.
Whatever individual 37 Signals people's actual thoughts about VCs and valuations, don't believe that it's necessarily what they write in their blog. Their blog is not an informal discussion medium. They make it out to to be but it isn't. It's marketing. 37 Signals have a vested interest in creating an enemy and drama because that brings them exposure and sales.
For what it's worth I think you and 37 Signals probably do believe what you say in the blog but given how inflammatory it often is it sets of my inner cynic constantly.
It looks like he already made $557,721 by selling some stock during Series G. I think that left him with 414,690 shares worth at least $6.5 million and probably a multiple of that by the time he can sell them. I could be reading this incorrectly though.
He might end up making more off a dozen board meetings than 10 years of hard work at 37 signals. It's a crazy world.