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Earlier quoted context omitted.
The buyer typically pays $1M per engineer they keep. What the founders get depends on how much they were diluted by funding rounds.
What do the founders typically do within the acquiring corp after the acquisition? Do they have any agency? Or are they just another set of middle managers for the meat grinder?
Earlier quoted context omitted.
The buyer typically pays $1M per engineer they keep. What the founders get depends on how much they were diluted by funding rounds.
For AI engineers is 10M per engineer. http://www.recode.net/2016/9/17/12943214/sebastian-thrun-sel...
To put it another way: if you personally promised the engineer $5 million (vesting over 3 years) they may switch.
This means the buyer must see some value in the company over and above the engineers. (IP? Customers?)
I'm assuming Google doesn't need any of the company's business, and that it is being acquired for its talent. So, my real question: how much, on average, does a founder get as part of one of these acquihires? And does s/he actually, y'know, have to do any work after getting paid?
Aren't Google acquihire offers conditional on passing the usual Google employee screening process? I ask this not to be negative, but out of serious curiosity. Say your employer is bought by Google - are you axed because you slept poorly and couldn't prove Fermat's Last Theorem on the whiteboard in 15 minutes?
I'm assuming Google doesn't need any of the company's business, and that it is being acquired for its talent. So, my real question: how much, on average, does a founder get as part of one of these acquihires? And does s/he actually, y'know, have to do any work after getting paid?
Aren't Google acquihire offers conditional on passing the usual Google employee screening process? I ask this not to be negative, but out of serious curiosity. Say your employer is bought by Google - are you axed because you slept poorly and couldn't prove Fermat's Last Theorem on the whiteboard in 15 minutes?
And yet you referred to it as "BS" and provided a sarcastic example in the same post. I'd say your attempt not to be negative and to sound serious failed.
I'm assuming Google doesn't need any of the company's business, and that it is being acquired for its talent. So, my real question: how much, on average, does a founder get as part of one of these acquihires? And does s/he actually, y'know, have to do any work after getting paid?
Aren't Google acquihire offers conditional on passing the usual Google employee screening process? I ask this not to be negative, but out of serious curiosity. Say your employer is bought by Google - are you axed because you slept poorly and couldn't prove Fermat's Last Theorem on the whiteboard in 15 minutes?
Earlier quoted context omitted.
Aren't Google acquihire offers conditional on passing the usual Google employee screening process? I ask this not to be negative, but out of serious curiosity. Say your employer is bought by Google - are you axed because you slept poorly and couldn't prove Fermat's Last Theorem on the whiteboard in 15 minutes?
Google's "Bachelor of Science" interview screening process? I'd assume that they would have an interview that would be appropriate to the degree they obtained. I'd also be surprised if Fermat's last theorem would be involved in any way - that's more of a math problem, and isn't relevant to the work of most software engineers.
I wonder how engineers at Google feel about all this. I guess they feel they should be joining these startups instead of slogging at Google. They can just easily retire/do their own thing if they are part of these acquihires.
In the meantime you're making a lot less than someone working at a large company. You could take the $50K/yr pay difference and buy lottery tickets with that.
Earlier quoted context omitted.
Google's "Bachelor of Science" interview screening process? I'd assume that they would have an interview that would be appropriate to the degree they obtained. I'd also be surprised if Fermat's last theorem would be involved in any way - that's more of a math problem, and isn't relevant to the work of most software engineers.
BS = bullshit in this case