4 ms·
Cruise (YC W14) was recently acquired by GM for $1B, so if he picked one earlier class the $3B bet would be attainable in my mind. Not to slight any W15 compan
by trsohmers 10y ago
Cruise (YC W14) was recently acquired by GM for $1B, so if he picked one earlier class the $3B bet would be attainable in my mind. Not to slight any W15 companies, I just haven't seen much.
- JonFish85 10y agoI'm really curious whether that $1B is truly $1B, or if that's the sticker price based on some crazy metrics they have to hit, and the actual value of the deal is in the $150-$250m range (not that that's anything to sneeze at either), plus unlikely incentives.
- btown 10y agoFor readers unfamiliar with this type of term: https://en.wikipedia.org/wiki/Earnout https://en.wikipedia.org/wiki/Earnout