The “leftover” employees at Character were NOT screwed over. Options were conver...

_jab · 2025-07-11T22:18:24 1752272304

On the flipside, I’m pretty sure the investors got screwed.

jonas21 · 2025-07-11T22:27:20 1752272840

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...

jansan · 2025-07-12T09:26:14 1752312374

To quote an analyst from the Dotcom bubble era: "Everbody's happy, everybody's making money, something's wrong here"

jonas21 · 2025-07-12T22:06:32 1752357992

This is how it's supposed to work. Nobody has to get screwed. It's not a zero-sum game.

blitzar · 2025-07-12T07:00:51 1752303651

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.

a5seo · 2025-07-12T12:35:37 1752323737

That’s a deep burn.

blitzar · 2025-07-12T13:58:11 1752328691

The full time masseuse should be able to help with that.

helloericsf · 2025-07-11T22:30:49 1752273049

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?

dilyevsky · 2025-07-12T00:03:29 1752278609

It's literally the opposite - seed investors get paid last with the exception of common.

LilBytes · 2025-07-11T23:34:38 1752276878

Hopefully. The world is healing.

gowld · 2025-07-11T22:28:57 1752272937

Whose cash? OpenAI isn't paying, and Google isn't paying, and Windsurf investors already paid.

jonny_eh · 2025-07-12T00:53:36 1752281616

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?