> 100% of Windsurf employees will participate financially in this deal
> 100% of Windsurf employees will have vesting cliffs waived for their work to date
> 100% of Windsurf employees will receive fully accelerated vesting for their work to date
This sounds like a happy ending for the employees of Windsurf and a good deal for Cognition
> This sounds like a happy ending for the employees of Windsurf and a good deal for Cognition
The employees were robbed from having a big cash exit. Illiquid stock options from Windsurf were converted to illiquid stock options of Devin.
What's worse is that the well is now poisoned. I would advise against joining startups from now on, because I think that there's no upside for employees anymore.
I'm not so sure. No telling what the purchase price was.
Or how much of it is in Cognition stock.
Are the cliffs waived or accelerated? Makes me not trust this
I don't think so. If your shares dropped 90% overnight you wouldn't be excited to have your vesting cliff waived