Google's statements are PR fluff. This was an acqui-hire. They paid for a few talented engineers. I expect it to be shutdown in a year or two.
I'm taking a big risk here, so using a throwaway account.We (investors) took a slight loss on this one. All I can tell you is the exit was at around 12 MIL. Ca$h and a small amount of stocks for a few stellar engineers…
Google's statements are PR fluff. This was an acqui-hire. They paid for a few talented engineers. I expect it to be shutdown in a year or two.
I'm taking a big risk here, so using a throwaway account.We (investors) took a slight loss on this one. All I can tell you is the exit was at around 12 MIL. Ca$h and a small amount of stocks for a few stellar engineers…