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31. Hodes and Mostaque confirmed Dr. Waseem's 10% equity interest in written messages to each other. 33. Since Stability Al had cash flow issues and fell behin
by Shakahs 3y ago
31. Hodes and Mostaque confirmed Dr. Waseem's 10% equity interest in written messages to each other.
33. Since Stability Al had cash flow issues and fell behind in paying its outside counsel, Mostaque told Dr. Waseem that Stability AI would wait to formally document Dr. Waseem's equity interest until the company received additional financing.
I don't believe for a second that a hedge fund boss conveniently failed to record a 10% equity share by accident.