The suit alleges that a former Google engineer stole trade secrets and proprietary designs of Waymo’s self-driving car system, which he subsequently used when starting his own company that was later acquired by Uber in 2016.
Specifically, the lawsuit alleges that Anthony Levandowski, a former employee in Google’s self-driving car division, downloaded nearly 14,000 documents, including the design for the circuit board used Waymo’s self-driving car system.
All the while, the lawsuit claims, he was surreptitiously planning to leave the company to start his own self-driving car startup.
In 2016, Google Ventures CEO Bill Maris confirmed to Bloomberg that it ended up investing more than $300 million in Uber—making it Google Venture’s biggest investment ever.
When he finally got his shot, in the summer of 2013, he gave Kalanick what amounted to a blank term sheet and told him to name his price.
Kalanick wanted more than $250 million [£200m] at a valuation of a little less than $4 billion [£3.2bn], a huge figure for a three-year-old company.