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The “leftover” employees at Character were NOT screwed over. Options were converted to cash at the deal’s valuation. Hopefully Windsurf employees are treated w
by jonny_eh 1y ago
The “leftover” employees at Character were NOT screwed over. Options were converted to cash at the deal’s valuation.
Hopefully Windsurf employees are treated well here.
Note: I worked at Character until recently.
- _jab 1y agoOn the flipside, I’m pretty sure the investors got screwed.
- jonas21 1y agoThe investors made money too. The valuation at the last round was $1B, and Google paid them out at a valuation of $2.5B as part of the agreement [1]. [1] https://www.theverge.com/2024/8/2/24212348/google-hires-character-ai-noam-shazeer https://www.theverge.com/2024/8/2/24212348/google-hires-char...
- blitzar 1y ago2.5x in 10 months. With returns like that - if I were the full time chef of the investors spare private jet I would be updating my CV and looking for a new gig.
- jansan 1y agoTo quote an analyst from the Dotcom bubble era: "Everbody's happy, everybody's making money, something's wrong here"
- jonas21 1y agoThis is how it's supposed to work. Nobody has to get screwed. It's not a zero-sum game.
- helloericsf 1y agoHonestly depends on when they got in. Seed investors? They're probably fine with their preferences. Series B and beyond? That's where it gets messy. What round you thinking?
- dilyevsky 1y agoIt's literally the opposite - seed investors get paid last with the exception of common.
- LilBytes 1y agoHopefully. The world is healing.
- deleted 1y ago[deleted]
- gowld 1y agoWhose cash? OpenAI isn't paying, and Google isn't paying, and Windsurf investors already paid.
- jonny_eh 1y agoI wasn’t referring to Windsurf. But if there was no cash involved here, then ya, the employees were screwed. Do we know that’s the case though?