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Zenimax, an investment vehicle for Providence Equity Partners, is literally run by actual lawyers. In the early days of Oculus, Carmack tried to get them intere
by psyc 10y ago
Zenimax, an investment vehicle for Providence Equity Partners, is literally run by actual lawyers. In the early days of Oculus, Carmack tried to get them interested in VR, and they wanted nothing to do with it. Now all of a sudden Oculus is a result of their tech.
They wouldn't even have the slimy case that they have, if not for the fact that Carmack and others used to work there. People can debate the legal technicalities all they want, but the plain, everyday explanation of what happened is that some lawyers figured out how to retroactively create and profit massively from a virtual non-compete that never existed.
- whyileft 10y agoBingo. First person I found in this entire thread that knows what actually happened.
- manquer 10y agoHmm.. they still paid 100m to get carmack's previous company partly for his and others talent .. they had explicit NDA signed with oculus. carmack was working on their resources and IP(doom) on company time. Carmack was critical to success of occulus. The suit also predates Fb acquisition It is not their problem that Fb didn't do due diligence.