Photo: delirium.com
AdMob founder Omar Hamoui bailed quickly after Google bought his company, and as we reported in December, he’s already at work on a new project.Today, TechCrunch reported some new details about Hamoui’s new startup: It’s called Churn Labs, and it’s basically an idea factory, co-founded with former AdMob engineer Mike Rowehl.
They will hire people, come up with ideas, spin them off, and take around 40% of the equity, giving the other 60% to the employees. Sequoia Capital is involved in financing the project, and will get some of the equity in the spun-off companies.
Sounds interesting, and fun!
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.
Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.