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Comment by riku_iki | Hacker News Reader

> I'm puzzled. Did Noam get $500mm+ from this?

where did you get $500mm number?..

I imagine he still had 15%+ of the company, so if there was a big payout, he would've gotten a big slice. Treat all my estimates with a grain of salt, though, please. I'm imagining he didn't get a huge payout and he actually kept most of his equity?

I think he just steps down as CEO, there is no company acquisition happening, so no one gets paid. I think company essentially failed to generate revenue and/or get new investment round.

https://www.theinformation.com/articles/google-hires-charact...

Investors are being bought at 2.5B valuation

I don't trust that site. They spread unconfirmable rumors behind paywall.

Base on those numbers, $150M of series A with 1B valuation would be bought now for 375M(which is high for failed startup), my understanding is that such transaction has to be disclosed.

This is public info. 2.5b and $88 per share for all

info becomes public when it is officially announced by some of the transaction participants or disclosed in some fillings.

I may be too skeptical, but it is just hard to believe someone (who?) throws 400M (to seed + A investors) plus significant amount to founders into essentially failed startup.

Yes that seems right. Though I think they could've gotten a new investment round if they wanted one, I'd be surprised if that was the cause.

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