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Whenever they take their cars out for a test drive, they sit in the middle of the road in the parking lots. If you aren't going to be driving around anytime soon, just pull into a parking spot, instead of blocking all the empty spots and making it more difficult for people to drive around you.
These guys are supposedly launching their ride hailing fleet this year on public roads.
"unorthodox entrepreneurial zeal of Kentley-Klay, an Australian native with no prior automotive experience." was the key mover on all this and "touted Zoox’s strategy of building its own vehicles for full autonomy as wiser than the standard approach of retrofitting existing cars that Alphabet Inc.’s Waymo and others are taking."
Their CEO did attack silicon valley for choosing the path of fear "at the expense of profound progress for the Universe."
Heady stuff! Will be very interesting to see their launch if all this talk pans out! Full new vehicle assembly from scratch PLUS autonomy! Very impressive.
Also, what happens to employees? Presumably, their stock is worthless. Will Amazon just give them all new stock packages to keep them on?
Zoox raised almost a billion so terrible exit for the investors, who basically just parked their money for several years. Zoox likely ran out of money and nobody wants to keep dumping money in this space given the anemic progress in the last couple of years. But here is an interesting take. Amazon is an formidable acquirer and probably the only big-tech that knows how to squeeze from their M&A activity. They probably…
Earlier quoted context omitted.
Seems like a very large gap (200m) to provide a parachute.
Investors often have 2x liquidation preferences, if not more. Exceedingly unlikely common stockholders would have any value.
Zoox raised almost a billion so terrible exit for the investors, who basically just parked their money for several years. Zoox likely ran out of money and nobody wants to keep dumping money in this space given the anemic progress in the last couple of years. But here is an interesting take. Amazon is an formidable acquirer and probably the only big-tech that knows how to squeeze from their M&A activity. They probably…
This is clearly just cherry picking. They did NLP + Echo + Alexa in house. Cloud / servicification on their own.
I work in an office that shares space with Zoox. I've never told anyone this but I find them incredibly annoying. Whenever they take their cars out for a test drive, they sit in the middle of the road in the parking lots. If you aren't going to be driving around anytime soon, just pull into a parking spot, instead of blocking all the empty spots and making it more difficult for people to drive around you.
Zoox raised almost a billion so terrible exit for the investors, who basically just parked their money for several years. Zoox likely ran out of money and nobody wants to keep dumping money in this space given the anemic progress in the last couple of years. But here is an interesting take. Amazon is an formidable acquirer and probably the only big-tech that knows how to squeeze from their M&A activity. They probably…
This is clearly just cherry picking. They did NLP + Echo + Alexa in house. Cloud / servicification on their own.
Did anyone ever figure out why the original founder/CEO of Zoox was removed?
https://www.axios.com/zoox-fired-ceo-tim-kentley-klay-fe6f06... His previous experience was running an animation studio in Australia...so there's that too...