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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


Posted on August 23, 2018

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