Andy Rubin was reportedly paid $9 million to leave his own venture firm

by admin on Oct 12, 2019

Earlier today, Essential owner– as well as Android maker– Andy Rubin discovered himself in the limelight for the initial time given that reports of sexual misconduct emerged virtually a year ago. Just a number of days after Rubin teased the awkward-looking Crucial GEM phone, a brand-new report shows that he was paid countless dollars to leave his very own endeavor firm.

According to BuzzFeed News, Andy Rubin was paid about $9 million to leave Playground Global back in May. Rubin established Playground Global in 2015 and utilized it to fund the development of the very first Essential Phone.

Per interior files from Playground Global that BuzzFeed obtained:

Effective May 31, 2019, Playground Global ended our business relationship with Andy Rubin. While Andy is still a good friend of Playground, he no longer has any economic interest in or any ongoing roles at Playground Global or the related funds.

While Rubin’s separation from Playground took place months ago and also the exact factor for him being let go is uncertain, having one more circumstance of Rubin getting paid millions of bucks to quietly leave a company really feels all as well acquainted to his placement at Google.

Back in October 2018, a New York Times record exposed accusations against Andy Rubin during his time at Google. Rubin supposedly persuaded a women worker into oral sex, as well as after Google discovered the employee’s grievance to be reliable, Rubin was asked to leave Google as well as met a $90 million “exit package.”

That’s not to claim that Rubin left Playground for comparable reasons, as well as him being an establishing member of Playground suggests that he likely had some input in the $9 million payouts to leave. Also so, it all really feels a little also acquainted as well as a little bit dirty.

The record type Playground announcing his separation (unsurprisingly) makes no mention of any of the recent drama.

Andy, who has an unparalleled track record in the mobile industry, has been devoting all his energy to our portfolio company, Essential, since early 2019. Andy will continue as CEO of Essential. Essential’s success will have a significant impact on Playground Ventures I and Playground Global.

On October 8, Andy Rubin took to Twitter adhering to months of silence to share photos and also a short video clip of Essential’s brand-new “GEM” smartphone. It has a radically new form factor, with a style that looks extra like a TV remote than anything else.

Rubin’s separation from Playground does not appear to have any type of straight impact on the GEM phone, yet it does add another chatting point to installing conflict surrounding the long-hailed daddy of Android.

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