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> In early 2011, that plan was to bring 510 Systems into the Googleplex. The startup’s engineers had long complained that they did not have equity in the growin
by KKKKkkkk1 9y ago
> In early 2011, that plan was to bring 510 Systems into the Googleplex. The startup’s engineers had long complained that they did not have equity in the growing company. When matters came to a head, Levandowski drew up a plan that would reserve the first $20 million of any acquisition for 510’s founders and split the remainder among the staff, according to two former 510 employees. “They said we were going to sell for hundreds of millions,” remembers one engineer. “I was pretty thrilled with the numbers.”
> Indeed, that summer, Levandowski sold 510 Systems and Anthony’s Robots to Google – for $20 million, the exact cutoff before the wealth would be shared. Rank and file engineers did not see a penny, and some were even let go before the acquisition was completed.
I made a rule for myself that once I find out for sure that a person is an asshole, I will cut all my ties to that person. (Fool me once etc.) Apparently Silicon Valley does not have a similar rule.
- _pmf_ 9y ago> for $20 million, the exact cutoff before the wealth would be shared That requires a special kind of attitude.