Oh FFS 0.1% of this acquisition is $20M. 0.5% is $100M. Junior to senior equity lies in this range. They'll be more than fine. They'll be 1%ers to 0.1%ers after taxes, yeesh. It's never ever enough. is it?
Series E was just 3 months ago. $2M for 3 months work seems fantastic to me. Series B equity was anytime through early 2021. This is a fantastic outcome for everyone in Groq.
What I'm reading here is 100% envy and resentment of their success. But that only works if you're already rich or president, preferably both for best results.
Why are you assuming the employees’ equity participates in this licensing deal at all? They just have ownership in the leftover dying company as far as I can tell. How will they make that worth something, and get liquidity?
And you don't think they'd be squealing like stuck pigs in the blogosphere if that were the case? There isn't even anything like that on Blind currently, but there sure are a lot of people with no skin in this deal whining about it to high heaven. This is not a winning attitude. $20B for Groq just normalized $1B for AI startups in general. Maybe less concern trolling here and more building something is in order?
My assumption is employees are mostly out on holidays since the deal was known widely only on Christmas, and so they’re busy with their personal lives, quietly discussing this issue with trusted coworkers, and if there are serious problems, they are coordinating a lawsuit instead of saying something they shouldn’t in public.
You should be asking why no one has dispelled the criticisms of how employee equity is treated in this deal - neither Nvidia nor Groq’s founders nor regular employees. Lots of people have raised this concern. Should be simple to answer, right?
As for people with no skin in this deal “whining” - why wouldn’t people raise concerns? It’s a disturbing trend. These are highly unusual deals made to circumvent the law and break norms, on antitrust and employee compensation. They’re suspicious and prior examples have stolen from employees. So distrust and scrutiny by default is completely justified.
So your belief is that the FTC should not only have control over corporate acquisitions but also over where people work and what they can be paid, got it. We are all at will employees in tech and you and only you are responsible for where you choose to work. Most startups fail. This one didn't. Good on them.
"all groq employees got cashed out, no one is getting screwed here. windsurf is different."
But wait, wait, don't tell me... How do we KNOW this REALLY is a groq EMPLOYEE? It COULD be a PAID shill blah blah blah WINDSURF! WINDSURF! You can't hide the TRUTH forever!
Well it’s an anonymous account - could just be the founder or someone who got special treatment. The rest of the comments are skeptical and for good reason, which is that there is no official disclosure of how employees got their due based on the ownership implied by their options. “Got cashed out” may just mean they got $100 each. Why are you hostile to seeking the truth here or creating pressure on founders and investors to come clean?
