Factory CEO Matan Grinberg accused VC board adviser Chris Degnan of sharing confidential information with competitor Cognition before joining it as chief revenue officer. Degnan disputed the allegations, claiming he resigned rather than being fired and denying he shared sensitive information. The incident highlights potential conflicts of interest as venture firms increasingly invest in competing AI startups.
Factory CEO Matan Grinberg accused VC Chris Degnan of spying for competitor Cognition after Degnan joined Cognition as chief revenue officer. Degnan disputed the allegations, claiming he resigned rather than was fired and denies sharing confidential information. The dispute has drawn attention to conflict-of-interest concerns as venture firms increasingly invest in competing AI startups.
Factory CEO Matan Grinberg accused VC advisor Chris Degnan of spying for competitor Cognition, claiming Degnan shared confidential information while attending board meetings. Degnan disputed the allegations, saying he resigned rather than being fired and that he hadn't shared confidential information, while simultaneously joining Cognition as chief revenue officer.