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502 points alazsengul | 1 comments | | HN request time: 0.211s | source
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_jab ◴[] No.44563821[source]
Let this be a learning lesson in judging these deals based on partial information. Kudos to the Google, Windsurf, and Cognition teams for keeping all of these deals under wraps until announcement (OpenAI could learn something...), but even so it's likely that we the public will never learn every detail of what transpired. I've seen a lot of harsh, misguided takes over the past few days, like that the Windsurf founders screwed over their employees, or that OpenAI reneged on the deal. In this case, this seems like a happy ending for all parties involved: congrats to the Windsurf team!
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1. akavi ◴[] No.44563886[source]
If my understanding is correct, this is still a much worse deal for employees than if Windsurf's exec team had negotiated a "standard" "accelerated vesting, common conversion" acquisition with Google.

Presumably the "payout" from Cognition is at a lower nominal value and in illiquid (and IMO overvalued) shares in Cognition rather than cash.