Zoox raises $500m and fires founder
Mike Cannon-Brookes has joined the board of pre revenue startup Zoox after investing $100m as part of a $500 million cap round.
Zoox was founded 6 years ago to accelerate development of its futuristic electric robotaxis.
Carl Bass ex CEO of Autodesk has joined the team of executive chairman after the board unexpectedly fired co-founder Tim Kentley-Klay as president . Fellow Co-founder Jesse Levinson will stay as CTO.
Tim tweets
“The shocking reality is that this morning—without a warning, cause or right of reply—the board fired me,” he wrote. “Today was Silicon Valley up to its worst tricks.”
Is it the right strategy for founders to be fired after a VC round?
More about Zoox
https://www.wired.com/story/zoox-self-driving-car-video-san-francisco
Posted on August 23, 2018Leave a Reply
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