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0 pointstikkun1y ago0 comments

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?

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4 comments · 1 top-level

riku_iki1y ago· 3 in thread

I 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.

BoorishBears1y ago

https://www.theinformation.com/articles/google-hires-charact...

Investors are being bought at 2.5B valuation

riku_iki1y ago

I 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.

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tikkunOP1y ago

Yes 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.

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