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jspann | 7 months ago

> 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

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krasin|7 months ago

> 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.

xnx|7 months ago

I'm not so sure. No telling what the purchase price was.

handfuloflight|7 months ago

Or how much of it is in Cognition stock.

frankfrank13|7 months ago

I don't think so. If your shares dropped 90% overnight you wouldn't be excited to have your vesting cliff waived

carimura|7 months ago

"work to" is key.. sounds like they aren't fully accelerating, just accelerating the time they worked that hasn't vested. So if you were hired a week ago, you get a week's worth of participation.

whamlastxmas|7 months ago

Are the cliffs waived or accelerated? Makes me not trust this