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> I imagine he'll soon have a queue of VCs lining up to fund his next thing.... That's assuming he's not going to continue working on Cruise at GE. I would sus
by BinaryIdiot 11y ago
> I imagine he'll soon have a queue of VCs lining up to fund his next thing....
That's assuming he's not going to continue working on Cruise at GE. I would suspect he'll work on it for at least a year or two though depending on how passionate he is about it he may just stay at GE for along time.
- ig1 11y agoNormally acquisitions requires key employees to contractually commit to staying for a minimum period after the acquisition. It's fairly common for founders to leave after this period though.
- chatmasta 11y agoI suspect the vesting schedule of his GM options will impact his decision making more than mere passion. ;) Speaking of, what does a typical vesting schedule look like in stock-based acquisitions? Is it always negotiable or is there an industry standard? I assume it's not the same 4/1 used in normal employee options, or else no founder would sell to a company requiring him to work four years to realize the full value of the acquisition.
- hkmurakami 11y agoThere's no standard. It can be anywhere from 1-4 years with various cliff terms.