AI Coding Startup Wind Surf announced that it is being acquired by understanding, Wind Surf Startup Jeff Wang taken in x Give more details about drama and uncertainty around the agreement.
Earlier, Wind Surf was reported to have a dialogue with the Open, but was separated from the deal, instead Google Deep Mind hired Startup CEO Varun Mohan, co -founder Douglas Chen and some of his top researchers. Google allegedly will grant wind surf technology licenses as part of a $ 2.4 billion contract – but the company does not take the equity at stake.
It looked like the latest in the trend of “reverse acquaintance”, in which large tech companies seek to avoid their technology licenses by hiring key startup team members and getting Startups directly.
But what happens to startups and employees who are left behind? As we discussed the latest Equity incident, the founder of a startup compared the departing wind surf executives to a captain who boarded his crew drowning.
Wang, who headed the wind surf business, became the interim CEO of the company after Mohan left. In his post on X, he offered some sympathy with Mohan and Chen, which he described as “great founders” in this situation that “it was difficult for them too.”
Nevertheless, Wang mentioned a meeting of all hands on Friday, June 11, where most of the team members were expecting to hear about the acquisition of Open AI. Instead, he had to share the news about the Google Dell and the consequent departure.
Wang said, “The mood was very dark.” Some people were angry with financial results or leaving colleagues, while others were worried about the future. Some were in tears, and the question and answer was in enmity. “
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In Wang’s view, although the company “lost some big people and the morale was a severe blow”, it still “has all of our IPs, products and strong skills, including an excellent market machine.” So the wind surf can still try to collect, sell, or just continue to collect, sell, or continue.
However, this evening, Wang heard from the Executive of the Idus, Scott Wu and Russell Kapilin, and said that the leadership of the Wind Surf “took the point of understanding very seriously from the beginning and started the right dialogue.” In his words, then there was a harsh weekend of the conversation with the cognition, while considering the internal interest by other potential acquisitions and pleading with the rest of the wind surf to meet them for meeting the rest of the wind surf. (And as everything was happening, “timeline was bursting with memes and commentary.”)
Wang said the two companies were a good fit, which was due to complementary teams.
“When he invested more and more in engineering, he had clearly undergoes GTM and marketing, and our teams are nothing short of world -class,” he said. “On the other hand, we were now missing a basic engineering team, and there is no better group of AI engineers that have collected the lineup.”
In addition, Wang said he and Woo (the picture together in the picture) “were attached to the need to take care of all the employees of the wind surf.
“As a result, a significant part of this agreement came out: to make every employee to pay, to forgive all the huts, and to accelerate all the mostwashing for the wind surf equity,” he said.
The acquisition agreement was apparently signed at 9:30 am on Monday, shortly thereafter the team was announced in another hand, and shortly after that the public was announced.
I An interview with BloombergWang on Friday described “probably the worst day of the life of 250 people”, followed by Monday “is probably the best day.”