AI consulting firm hits $1 billion, makes employees part owners

"For Synechron, this meant celebrating its $1 billion annual revenue milestone by making every employee a part owner. The private AI and tech consultancy recently announced its offering a universal equity grant to all 16,000 employees worldwide-each will receive $1,000 in restricted stock units (RSUs). Unlike typical performance- or tenure-based models, this RSU grant is equal for all employees, regardless of location or role. There's no minimum tenure requirement for the award, which is granted to current employees only."

"Reaching $1 billion, bootstrapped and without outside investors, is a notable accomplishment, CEO and cofounder Faisal Husain told me. Founded in 2001, the once-small New York startup has grown over 24 years into a global player with offices in 21 countries. Leadership wanted a celebration of the milestone that reflected the company's values, Husain said. After considering standard rewards like gift cards or gadgets, they chose a shared equity stake. "It's the best form of appreciation," he said."

Synechron awarded a universal equity grant of $1,000 in restricted stock units (RSUs) to all 16,000 current employees worldwide, regardless of role or location. The grant has no minimum tenure requirement and complements separate performance-driven equity awards. The company reached $1 billion in annual revenue after 24 years, remaining privately held and bootstrapped without outside investors. Leadership selected an equity-based celebration over typical rewards to reflect transparency, inclusivity, and shared ownership. CEO Faisal Husain noted potential long-term upside comparable to early investments in major public companies and indicated an IPO remains possible but not a current priority.

Read at Fortune