Comment by jonny_eh
19 hours 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.
19 hours 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.
On the flipside, I’m pretty sure the investors got screwed.
The 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-char...
2.5x 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.
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To quote an analyst from the Dotcom bubble era: "Everbody's happy, everybody's making money, something's wrong here"
Honestly 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?
It's literally the opposite - seed investors get paid last with the exception of common.
Hopefully. The world is healing.
Whose cash? OpenAI isn't paying, and Google isn't paying, and Windsurf investors already paid.
I 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?