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So what did Anthony end up w after all this? I thought I heard he had a $100m bonus from Google at some point. Then he sold Otto later to Uber for $600m+? Aft
by fictionfuture 9y ago
So what did Anthony end up w after all this?
I thought I heard he had a $100m bonus from Google at some point. Then he sold Otto later to Uber for $600m+?
After all the mess, what's he left with?
- superquest 9y agoFrom the article: "With the purchase of 510 Systems and Anthony’s Robots, his salary, and bonuses, Levandowski earned at least $120 million from his time at Google."
- valuearb 9y agoThe $600M was likely funny money, i.e. stock with vesting conditions. It's unlikely he has much of that. His Google pay was supposedly $120M, so after tax he should still have at least $60M left.
- tyingq 9y ago>after tax he should still have at least $60M left I wonder if he spent some of that on Otto. They had 91 employees at the end, and I assume some of amount of capital equipment.
- hkmurakami 9y agoWith his credentials and track record, he would be able to easily raise 8 figures quickly, without much need to risk your own capital.
- jeeyoungk 9y agoOtto did not raise any rounds. Having external stakeholders would've made their shady deal even harder to pull.
- jgalt212 9y agoIndeed, it would not have passed even a cursory due diligence.
- hkmurakami 9y agoah in which case... he likely did put in personal capital until the uber deal went through (it closed very quickly after the company's founding, like 12~16 months iirc?)
- tyingq 9y agoI don't know that the Uber buyout of Otto recouped that loss for him. It may have been an all-stock deal, and he had to forfeit his $250M portion: https://www.bloomberg.com/news/articles/2017-05-31/fired-uber-executive-said-to-forfeit-250-million-stock-grant https://www.bloomberg.com/news/articles/2017-05-31/fired-ube...
- j_s 9y agoMany believe there won't be much of a financial impact due to forced arbitration which may still be in process, but I believe any progress or result is still confidential at this time. Criminal prosecution may happen separately? https://hn.algolia.com/?query=levandowski%20arbitration&sort=byDate&type=comment https://hn.algolia.com/?query=levandowski%20arbitration&sort...