Those numbers are not realistic. At a company at this stage (series E I think?), you’ll be lucky to have 0.01% as an engineer.

Most importantly, there is no guarantee there will be any payout at all. It’s not an acquisition and we don’t know the terms.

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LogicFailsMe 14 hours ago | parent [-]

Series E was just 3 months ago. $2M for 3 months work seems fantastic to me. Series B equity was anytime through early 2021. This is a fantastic outcome for everyone in Groq.

What I'm reading here is 100% envy and resentment of their success. But that only works if you're already rich or president, preferably both for best results.

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SilverElfin 11 hours ago | parent [-]

Why are you assuming the employees’ equity participates in this licensing deal at all? They just have ownership in the leftover dying company as far as I can tell. How will they make that worth something, and get liquidity?

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LogicFailsMe 11 hours ago | parent [-]

And you don't think they'd be squealing like stuck pigs in the blogosphere if that were the case? There isn't even anything like that on Blind currently, but there sure are a lot of people with no skin in this deal whining about it to high heaven. This is not a winning attitude. $20B for Groq just normalized $1B for AI startups in general. Maybe less concern trolling here and more building something is in order?

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SilverElfin 10 hours ago | parent [-]

My assumption is employees are mostly out on holidays since the deal was known widely only on Christmas, and so they’re busy with their personal lives, quietly discussing this issue with trusted coworkers, and if there are serious problems, they are coordinating a lawsuit instead of saying something they shouldn’t in public.

You should be asking why no one has dispelled the criticisms of how employee equity is treated in this deal - neither Nvidia nor Groq’s founders nor regular employees. Lots of people have raised this concern. Should be simple to answer, right?

As for people with no skin in this deal “whining” - why wouldn’t people raise concerns? It’s a disturbing trend. These are highly unusual deals made to circumvent the law and break norms, on antitrust and employee compensation. They’re suspicious and prior examples have stolen from employees. So distrust and scrutiny by default is completely justified.

	▲	LogicFailsMe an hour ago \| parent [-]
		So your belief is that the FTC should not only have control over corporate acquisitions but also over where people work and what they can be paid, got it. We are all at will employees in tech and you and only you are responsible for where you choose to work. Most startups fail. This one didn't. Good on them.