News Summary

• Google paid Windsurf $2.4 billion to license its technology, while simultaneously hiring away its CEO and top talent.
• Google’s payment to the startup was effectively split in two equal parts, according to two people familiar with the deal.
• The transaction was a good outcome for VCs, which included Greenoaks, Kleiner Perkins, and General Catalyst.
• Some top VCs condemned the 3-year-old startup for not sharing their windfall with all the people who helped build the company.