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Re:Waymo has raised $3B in the last two months by foobiekr on Tuesday May 12, 2020 @06:07PM (#23160593)
sounds like a spin-out/spin-in model. you do these primarily to create special compensation packages.

the inclusion of a non-revocable license to core technology is a common part of such structures because it gives the people who take the risk some proof against management changes that otherwise sink such deals.

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