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A comment on Reddit acquires ML startup Spell. Parent comment

Re:Reddit acquires ML startup Spell by phphphphp on Thursday June 16, 2022 @01:57PM (#31769014)
Acquihire.

"Our next challenge is to apply what we’ve built to improve the user experience for redditors"

"we’ll no longer be signing up new commercial customers to the Spell service"

https://spell.ml/blog/spell-joins-reddit-YqtKRhEAACMAgbU9

[ Parent | on HN ]
Re:Reddit acquires ML startup Spell by ilrwbwrkhv on Thursday June 16, 2022 @02:05PM (#31769127)
Do the founders get any money out of it or not much.
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Re:Reddit acquires ML startup Spell by bombcar on Thursday June 16, 2022 @02:24PM (#31769290)
Depends on the deal, but if the founders are in control and the company wasn't death-spiraling, they usually do decently well (but not so well that they immediately quit their new job).
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Re:Reddit acquires ML startup Spell by kvdveer on Thursday June 16, 2022 @02:27PM (#31769326)
Assuming the founders are stock holders, they agreed to part with their share. Its unlikely that they were persuaded to do so without the promise of a significant payout.
[ Parent | on HN ]