7 ms·

Ex drive.ai employee here. I got $0 for my stocks.

• gesman 7y ago
  Were you employee at a time of acquisition?
  • lasryaric 7y ago
    why would it matter? I had vested a good chunk of my stocks. And it’s hard to define since they did not buy my shares.
    • dbancajas 7y ago
      what was the grant value of your stocks?
      • deleted 7y ago
        [deleted]
    • sdinsn 7y ago
      So Apple did not actually buy all of drive.ai?
      • lasryaric 7y ago
        I honestly have no idea of what I can say and what I can't say. I think it's reasonable to think that I can share that nobody bought my shares. I can't talk for any other employee or anybody else.
        • tim333 7y ago
          The crunchbase story title "Apple Said To Have Bought Assets Of Struggling Drive.ai" perhaps indicates what happened. https://news.crunchbase.com/news/drive-ai-reportedly-closing-down-after-raising-77m/ https://news.crunchbase.com/news/drive-ai-reportedly-closing...
    • gesman 7y ago
      Did they pay out everything to "preferred" shareholders, leaving employees with common shares holding an empty bag?
• huac 7y ago
  purchase price < funding amount, investors had liquidity preferences, probably only a couple employees (if any) got anything