Matan Grinberg

Okay.

The Factory CEO, Matan Grinberg, posted on X that he was cutting Degnan for unethical conduct involving Cognition.

Wow.

The story is that Degnan spent weeks in the recurring talks with Cognition, Factory's biggest rival, while still advising Factory on, on confidential board level stuff.

But what happened-

Okay

... just last week, the Factory CEO, Matan Grinberg, posted on X that he was cutting Degnan for unethical conduct involving Cognition.

Wow.

...

Factory, [laughs] Matan Grinberg, right, he came out bashing, uh, one of, one of, uh, their team members who was a board advisor, not a team member, board advisor-

Yeah

...

Startups often extend previous rounds to add new investors.

But last week, Factory co-founder and CEO Matan Grinberg was embroiled in a very public airing of dirty laundry when he alleged that he had fired investor Chris Denyen of firm RPT Partners from his role as board advisor.

Grinberg said he feared Denyen may have shared confidential information with Factory's biggest competitor, Cognition.

The accusation follows Denyen's move to Cognition as its chief revenue officer.

[laughs]

... which was Matan Grinberg, I don't know if I pronounced your name right, I'm sorry if I didn't, CEO of Factory AI, basically accused a former board observer, uh, um, uh, his name is also escaping me, Chris, uh, his name was Chris, Chris Degnan, of unethical conduct.

Basically saying that he was negotiating a job at Cognition while he was present in and receiving confidential board materials, uh, from a competitor.

Um, again, you know, not necessarily a good look.

But that's also what makes this story so complicated.

His experience and access to sensitive information are exactly why Factory's CEO, Matan Grinberg, is raising red flags.

Right.

So let's dive into Factory's allegations.

Neither Tencent nor Oracle immediately responded to requests for comment.

[paper flips] Factory CEO Matan Grinberg publicly announced the firing of board advisor Chris Degnan over alleged conflicts of interest and sharing of confidential information with competitor Cognition, where Degnan immediately took the role as chief revenue officer.

Degnan and Cognition CEO Scott Ru disputed the firing and misconduct claims, maintaining that Degnan had resigned, while high-profile venture capitalists Vinod Khosla and Keith Rabois exchanged heated opposing views on X regarding the ethical implications of the move.

[paper flips] Huawei introduced the Ruiying Z ten, an add-on teleconverter lens for its Mate ninety Pro Max flagship that features its own one-inch type fifty megapixel RYYB sensor and a twenty-four to two hundred forty millimeter F two point O to F four point five zoom lens.