![]() ![]() Roblox hosts millions of games that are built by users who then get a share of any related revenue. He won’t take any other cash or equity compensation for as long as seven years after the listing, and plans on using any net proceeds for philanthropy, a spokesperson for the firm said. Last year, he registered the Baszucki Family Office in California, which is managed by a trust that holds about half of his 12% stake in Roblox.īaszucki will receive an additional 11.5 million shares of Roblox if the company meets certain long-term price targets, according to a filing. ![]() Cassel died in 2013.īaszucki participated in shares sales to third parties before Roblox’s listing that were potentially worth hundreds of millions of dollars. ![]() “Our vision of the future is really connecting the world on the Roblox platform, and allowing you to connect with people," Baszucki, 58, said at the annual Roblox Developers Conference in July.Ī Stanford University graduate with a degree in electrical engineering, Baszucki founded Roblox in 2004 with Erik Cassel after the pair developed educational software for teaching physics. That’s pushing Baszucki, Roblox’s chief executive officer, to transform the company into a social meeting place for kids and adults alike. Roblox’s user numbers have boomed during the pandemic, but the San Mateo, California-based company now faces an uncertain outlook as the children and teenagers who flocked to it while stuck at home return to school. ![]()
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