[phphphphp]

Acquihire.

"Our next challenge is to apply what we’ve built to improve the user experience for redditors"

"we’ll no longer be signing up new commercial customers to the Spell service"

https://spell.ml/blog/spell-joins-reddit-YqtKRhEAACMAgbU9

[ilrwbwrkhv]

Do the founders get any money out of it or not much.

[bombcar]

Depends on the deal, but if the founders are in control and the company wasn't death-spiraling, they usually do decently well (but not so well that they immediately quit their new job).

[kvdveer]

Assuming the founders are stock holders, they agreed to part with their share. Its unlikely that they were persuaded to do so without the promise of a significant payout.