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> Both companies had arrived at a similar view of the future where AI will redefine every business application and workflow — and reinvent productivity as we kn
by aabhay 2y ago
> Both companies had arrived at a similar view of the future where AI will redefine every business application and workflow — and reinvent productivity as we know it today into a place where humans and AI work together everywhere you get work done. We want to rethink a suite of tools and come together to provide users and teams with their own AI productivity platform for apps and agents.
> We discussed each of our paths to achieving this vision, and while both teams felt confident in their paths, it was obvious that we would move much faster together. The way that each of us has approached this market is different but inherently complementary. And so the conversation became... “What if we merged the companies?”
> Over the next few days, through discussions with Grammarly CEO (Rahul Roy-Chowdhury) and the co-founders (Max Lytvyn and Alex Shevchenko) we started sketching out what a combined company would feel like: how the teams would fit together, where the products could immediately integrate and amplify, etc. And we also discussed the leadership structure, and agreed that I would lead the joint company as CEO.
> With a round of sushi and some sake, we shook hands — excited to work together on the future of AI.
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The idea that any acquisition, but especially this one, was minted in this fashion is hilarious.
- jay_kyburz 2y agoIts what happens when you get AI to write your press release.
- zusammen 2y agoThis is how the startup life is sold to youngsters—million-dollar conversations just happen—and it’s amusing to see the myth is still alive.
- g33ky 2y agoSometimes they do. >> zuck pinged me to say "i'm not sure if this is a good idea yet, but i think maybe facebook should buy instagram, what do you think?" [0] The next conversations also read as if they were happening over lunch, albeit with lawyers whispering approved language into each participant's ear [1] [0] https://www.techemails.com/p/instagram-cofounder-on-mark-zuckerberg https://www.techemails.com/p/instagram-cofounder-on-mark-zuc... [1] https://www.threads.net/@techemails/post/C_od8rsvuiO https://www.threads.net/@techemails/post/C_od8rsvuiO
- JoBrad 2y agoSide note: the conversation in your second link comparing Wikipedia’s model to Instagram and Fb is interesting, especially Kevin’s response about photos living a life of their own on Fb. Even though that integration got a bit tighter, interactions with a Insta photo shared to Fb are still totally separate. The subsequent conversations about graphs and audiences explain that, but it’s still interesting to see how some things were realized early on that never change.
- est31 2y agoAs long as we live in a society of humans, there will be humans controlling millions of dollars, billions, trillions, and then yes, -illion dollar conversations do happen, sometimes randomly even. That's one of the purposes of all the country clubs, yacht clubs, galas, etc. Business people spend their entire day talking about their business, that's literally their job. Sometimes business opportunities come from random discussions. Sometimes they are more like arranged marriages. And just like with marriages, the story that is told to the public might not be the actual story.
- __MatrixMan__ 2y agoI'd like to think humanity will eventually obsolete money in favor of something a bit more flexible. It's kind of a clumsy tool.
- alwa 2y agoWhat do you imagine, directionally speaking, as a more elegant tool? I’m understanding your comment to suggest that you find money a clumsy tool for the purpose of allocating human effort and capital… I hope and suspect you have something broader and more elegant in mind than “money, but digital”! For some reason Doctorow and Down and Out in the Magic Kingdom comes to mind: https://craphound.com/down/download/ https://craphound.com/down/download/
- meiraleal 2y ago> What do you imagine, directionally speaking, as a more elegant tool? Joints but seriously. We have enough to provide to all living people on earth. We do not need to work all day every day to consume. It is possible to create a society optimized for enjoyment where every living person has enough to have a fulfilling life. We don't need to replace money, we need to make it less important. Something similar to 1 person, 1 vote that made modern democracies possible.
- zusammen 2y ago[dead]
- skeeter2020 2y agoEspecially "acquistion" - he continually presents both sides as peers, collaborating - even mentions "merging: - but this never happens. Maybe the Coda people will eventually, someday emerge as the leaders, but this would be incredibly atypical. Even when two equal size companies merge someone is being acquired. Majority of Coda leadership will be gone in 6-12 months.
- sib 2y ago>> Majority of Coda leadership will be gone in 6-12 months Well, in this case, the new CEO of the combined company is from Coda, so perhaps a little less likely than otherwise...