←back to thread

737 points rcchen | 1 comments | | HN request time: 0.212s | source
Show context
metadat ◴[] No.44537176[source]
It's another Character.ai situation [0]. Unfortunate for any employees who aren't founders or researchers, as they don't get any payout or a nice new job from this exit structure. In fact they lose their whole time invested at the company.

What a harsh time to work for an AI startup as a rank and file employee! I wonder how the founders justify going along with it inside their mind.

[0] Character.ai CEO Noam Shazeer Returns to Google https://news.ycombinator.com/item?id=41141112 - 11 months ago (87 comments)

Edit: Thank you @jonny_eh for the clarification. I can't imagine it feels awesome being a leftover but at least you vested out. "Take the money and leave" is still a bit raw when the founders and researchers are now getting the initial payout + generous Google RSU's.

replies(8): >>44537275 #>>44537276 #>>44537278 #>>44537375 #>>44537758 #>>44538608 #>>44538906 #>>44539698 #
jonny_eh ◴[] No.44537276[source]
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.

replies(2): >>44537326 #>>44537410 #
_jab ◴[] No.44537326[source]
On the flipside, I’m pretty sure the investors got screwed.
replies(4): >>44537396 #>>44537426 #>>44537895 #>>44538045 #
helloericsf ◴[] No.44537426[source]
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?
replies(1): >>44538059 #
1. dilyevsky ◴[] No.44538059[source]
It's literally the opposite - seed investors get paid last with the exception of common.