For reference, Zoox was valued at 3.2B in 2018, and took in 1B in investments. Unclear what the terms of the deal was, but there is a scenario where the founders and employees get the short end.
Sure seems like employees would get wiped out for sure, but I'm curious what the terms of the latest round of funding could have been in light of the ratchets on the early rounds. Who would participate?
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