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> 100% of Windsurf employees will participate financially in this deal > 100% of Windsurf employees will have vesting cliffs waived for their work to date > 1
by jspann 1y ago
> 100% of Windsurf employees will participate financially in this deal
> 100% of Windsurf employees will have vesting cliffs waived for their work to date
> 100% of Windsurf employees will receive fully accelerated vesting for their work to date
This sounds like a happy ending for the employees of Windsurf and a good deal for Cognition
- xnx 1y agoI'm not so sure. No telling what the purchase price was.
- handfuloflight 1y agoOr how much of it is in Cognition stock.
- krasin 1y ago> This sounds like a happy ending for the employees of Windsurf and a good deal for Cognition The employees were robbed from having a big cash exit. Illiquid stock options from Windsurf were converted to illiquid stock options of Devin. What's worse is that the well is now poisoned. I would advise against joining startups from now on, because I think that there's no upside for employees anymore.
- frankfrank13 1y agoI don't think so. If your shares dropped 90% overnight you wouldn't be excited to have your vesting cliff waived
- whamlastxmas 1y agoAre the cliffs waived or accelerated? Makes me not trust this
- carimura 1y ago"work to" is key.. sounds like they aren't fully accelerating, just accelerating the time they worked that hasn't vested. So if you were hired a week ago, you get a week's worth of participation.