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What I find most interesting is that how this entire time, most headlines have reported a $600+ million number as fact. What is frustrating about that is to th
by cdolan 9y ago
What I find most interesting is that how this entire time, most headlines have reported a $600+ million number as fact.
What is frustrating about that is to the uninformed, it reads like a cash available on hand, in these people's bank accounts. It appears it was far from that.
I'm not a Levandowski sympathizer, but these deals for startup founders in an acquisition are typically complex stock transactions, with strange vesting rules and tons of ways to get diluted or locked out of a liquidity event. Its not typically a grand pay day.
In the future I wish blogs & reporters would focus less on the fact that it was a reported $600+ million, and more on the fact that "it was more than $6 million, and the company had not been around 6 months". That was the real smoke that led everyone to the fire.