Re:Apple buys autonomous driving company Drive.ai
by lasryaric on Wednesday June 26, 2019 @12:58PM
(#20286830)
Ex drive.ai employee here. I got $0 for my stocks.
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Re:Apple buys autonomous driving company Drive.ai
by huac on Wednesday June 26, 2019 @07:15PM
(#20290269)
purchase price < funding amount, investors had liquidity preferences, probably only a couple employees (if any) got anything
Re:Apple buys autonomous driving company Drive.ai
by gesman on Wednesday June 26, 2019 @01:00PM
(#20286855)
Were you employee at a time of acquisition?
Re:Apple buys autonomous driving company Drive.ai
by lasryaric on Wednesday June 26, 2019 @01:35PM
(#20287188)
why would it matter? I had vested a good chunk of my stocks. And it’s hard to define since they did not buy my shares.
Re:Apple buys autonomous driving company Drive.ai
by gesman on Wednesday June 26, 2019 @05:58PM
(#20289671)
Did they pay out everything to "preferred" shareholders, leaving employees with common shares holding an empty bag?
Re:Apple buys autonomous driving company Drive.ai
by sdinsn on Wednesday June 26, 2019 @02:39PM
(#20287880)
So Apple did not actually buy all of drive.ai?
Re:Apple buys autonomous driving company Drive.ai
by lasryaric on Wednesday June 26, 2019 @04:20PM
(#20288724)
I honestly have no idea of what I can say and what I can't say.
I think it's reasonable to think that I can share that nobody bought my shares. I can't talk for any other employee or anybody else.
Re:Apple buys autonomous driving company Drive.ai
by tim333 on Wednesday June 26, 2019 @06:48PM
(#20290054)
The crunchbase story title "Apple Said To Have Bought Assets Of Struggling Drive.ai" perhaps indicates what happened. https://news.crunchbase.com/news/drive-ai-reportedly-closing...