The leading Turkish firm in online food ordering, yemeksepeti.com, was bought by Berlin’s billion-dollar takeout food service Delivery Hero last May in a $589 million transaction. The big news here however, is how the firm’s CEO, Nevzat Aydın, has decided to invest a part of this money – He distributed $27 million with his 114 employees. “We did this because if there is a success, we have accomplished it altogether,” Aydın told Hürriyet Daily News.
The founder, who graduated in Computer Science from a top ranked university in Turkey, was called crazy due to his innovative entrepreneurial ideas when he started the company back in 2000 with a $80,000 investment. The company has become a great success since then, most of it thanks to this CEO’s peculiar way of running his company and motivate his employees. He was no regular boss, and insisted on creating a fun and relaxing work environment that would inspire creativity. The employees could play table tennis, watch football games on big screens situated in the office, play billiards, and lots more.
According to Aydın, the offer for the company came up from $3 million to $589 million in 15 years, and having patience to wait for the right moment to sell it was essential in order to be able to reach such a big offer. And after closing the deal with Delivery Hero, Aydın didn’t think twice before sharing US$27 million with his 114 employees, which meant more than US$200,000 per employee.
“Some employees cried, some screamed, some wrote letters of thanks,” he said. “There were emotions, because you affect the lives of the people. People can buy homes, cars. They can immediately do something otherwise they could not with monthly wages of 3,000-5,000 Turkish Liras (equivalent to US$1,080-US$1,800). It was a good thing; I wish we could have given them more.”
Source: Hürriyet Daily News