Yes, but not for the reasons you list. The article cites Eduardo Saverin, who is not at all forgotten thanks to The Social Network. It lists Noah Glass, who was only involved in Twitter in the early days. It lists Ron Wayne, who was a Co-Founder of Apple for less than two weeks. It lists founders of Pandora, who left long before its IPO. And yet one of Etsy's founders, with the company from 2005 to 2011, is forgotten?
> He was the founder
He was one of three founders [1]
> and [...] decided to sell or give away enough equity in the company to the point that he no longer held a controlling interest. Thus he no longer plays any part in the company's goings on and rightfully so.
So if you don't control 51% of the company, you don't play ANY part in the company's goings on?
> If he still held 51% or more of the company and still wished to be a part of Etsy, he easily could have done so. So could have basically every other founder in history.
How do you 'still' hold 51% of the company with two co-founders?
Yes, but not for the reasons you list. The article cites Eduardo Saverin, who is not at all forgotten thanks to The Social Network. It lists Noah Glass, who was only involved in Twitter in the early days. It lists Ron Wayne, who was a Co-Founder of Apple for less than two weeks. It lists founders of Pandora, who left long before its IPO. And yet one of Etsy's founders, with the company from 2005 to 2011, is forgotten?
> He was the founder
He was one of three founders [1]
> and [...] decided to sell or give away enough equity in the company to the point that he no longer held a controlling interest. Thus he no longer plays any part in the company's goings on and rightfully so.
So if you don't control 51% of the company, you don't play ANY part in the company's goings on?
> If he still held 51% or more of the company and still wished to be a part of Etsy, he easily could have done so. So could have basically every other founder in history.
How do you 'still' hold 51% of the company with two co-founders?
[1] https://en.wikipedia.org/wiki/Etsy#History