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I imagine he still had 15%+ of the company, so if there was a big payout, he would've gotten a big slice. Treat all my estimates with a grain of salt, though, p
by tikkun 2y ago
I imagine he still had 15%+ of the company, so if there was a big payout, he would've gotten a big slice. Treat all my estimates with a grain of salt, though, please. I'm imagining he didn't get a huge payout and he actually kept most of his equity?
- riku_iki 2y agoI think he just steps down as CEO, there is no company acquisition happening, so no one gets paid. I think company essentially failed to generate revenue and/or get new investment round.
- tikkun 2y agoYes that seems right. Though I think they could've gotten a new investment round if they wanted one, I'd be surprised if that was the cause.
- BoorishBears 2y agohttps://www.theinformation.com/articles/google-hires-character-ai-cofounders-and-licenses-its-models https://www.theinformation.com/articles/google-hires-charact... Investors are being bought at 2.5B valuation
- riku_iki 2y agoI don't trust that site. They spread unconfirmable rumors behind paywall. Base on those numbers, $150M of series A with 1B valuation would be bought now for 375M(which is high for failed startup), my understanding is that such transaction has to be disclosed.
- kkakkx 2y agoThis is public info. 2.5b and $88 per share for all
- riku_iki 2y agoinfo becomes public when it is officially announced by some of the transaction participants or disclosed in some fillings. I may be too skeptical, but it is just hard to believe someone (who?) throws 400M (to seed + A investors) plus significant amount to founders into essentially failed startup.