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Archive for the ‘Wife Bride’ category

Suitable’s demise is not a typical tale of a struggling equipment startup: Its bankruptcy may be the latest development in a dramatic appropriate saga between its creator, Scott Hassan, and their spouse, Allison Huynh, that are locked in a on-going, almost five-year breakup proceeding.

Hassan has a storied history in Silicon Valley. He’s credited with writing element of Google’s code that is original investing into the business not as much as a couple of weeks after it included. He proceeded to offer a contact startup to Yahoo for approximately $432 million in stock in 2002, before founding the robotics pioneer Willow Garage in 2006, which fundamentally spun off Suitable, where Hassan had been founder and CEO. Huynh is a business owner too: She founded a video gaming business called MyDream Interactive and worked with Hassan on an earlier 2012 investment in augmented truth business Magic Leap.

The couple’s relationship fell apart and they began divorce proceedings in 2015 after being married for nearly 15 years. Meanwhile, the robotics startup floundered. Though Edward Snowden, Steph Curry, President Barack Obama, as well as others used Suitable’s Beam item to speak with some body remotely, the business only sold or leased about 7,000 devices and was never lucrative, with running losses totalling a lot more than $50 million between 2013 and 2018, in accordance with the bankruptcy statement. Read more »