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A comment on GM to Acquire Autonomous-Vehicle Technology Developer Cruise Automation (YC W14).

Re:GM to Acquire Autonomous-Vehicle Technology Developer Cru... by FreedomToCreate on Friday March 11, 2016 @10:46AM (#11267239)
Seems like a typo. GM is investing heavily into research and development. There jobs postings in Detroit for electrical and software engineering has skyrocketed. Being more objective and looking into Cruises history, they are not remotely worth 1 billion dollar, nor does it look like they have any technology that would be worth that much. Unless GM was that desperate and the Cruise guys amazing negotiators, I am skeptical on the 1 billion dollar price.
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Re:GM to Acquire Autonomous-Vehicle Technology Developer Cru... by jamesfzhang on Friday March 11, 2016 @10:51AM (#11267273)
Give them some credit beyond being "amazing negotiators." Have you used their kit? The publicly released one, or the one actively in development? How do you know if their tech isn't that valuable?

EDIT: It's very hard to pinpoint an exactly value for R&D heavy startups. Their tech could easily be worth well over $1 billion if it plays a crucial role in developing & accelerating GM producing & selling driverless cars. Just know that GM sold $154 billion worth of car last year.

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Re:GM to Acquire Autonomous-Vehicle Technology Developer Cru... by foobarqux on Friday March 11, 2016 @12:17PM (#11267932)
They are probably behind in R&D and saw that as a critical risk. Moreover, there aren't any alternatives besides Cruise which pushed the price up.
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Re:GM to Acquire Autonomous-Vehicle Technology Developer Cru... by tommynicholas on Friday March 11, 2016 @02:52PM (#11269024)
Definitely not a typo, validated by many sources, and the founder of Cruise already has 2 9 figures exits so selling for much less than this wouldn't make too much since to him 2 years in.
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Re:GM to Acquire Autonomous-Vehicle Technology Developer Cru... by shubhamjain on Friday March 11, 2016 @03:23PM (#11269223)
I guess Twitch.tv is the only startup the founder had an exit from.
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Re:GM to Acquire Autonomous-Vehicle Technology Developer Cru... by justin on Friday March 11, 2016 @07:53PM (#11270709)
As one of the JTV founders, Kyle participated in the sale of Socialcam :)
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