You and your partner personally gifted 50 million USD of your own sale proceeds to your employees. What prompted that decision?
Co-founder & CEO at Lossdog
When we completed our transactions for thinkorswim and tastytrade, Scott and I wrote checks totaling 50 million USD out of our personal proceeds to distribute directly to our staff. We were never legally or contractually obligated to do so. Our employees built those platforms alongside us, worked grueling hours, and believed in our vision. If a company generates life-changing wealth at an exit, the people who showed up every day to build the product deserve to participate directly in that reward.
This answer is part of a full interview with Tom Sosnoff, Co-founder & CEO at Lossdog.
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