2 ms·

Can someone explain the "plot" here? I read the article and have no clue what the actual accusations are. > Grosz had formed an early-stage venture firm called

by hn8726 2y ago

Can someone explain the "plot" here? I read the article and have no clue what the actual accusations are. > Grosz had formed an early-stage venture firm called Mechanism Ventures. (...) > “I knew he wasn’t up to any good at that point in time,” Du Val told CNBC. Starting a company is suspicious? > Part of the scheme involved Grosz’s plan to create a company called Cavalry, which was designed to directly compete with Toptal. Is starting a competing company not allowed, somehow? > Cavalry poached several executives and top employees from Toptal to weaken the company, according to Du Val’s lawsuit. Is hiring from competition illegal? Genuine question. Seems like another company is being sued for poaching as well > The negative coverage, the suit says, led Toptal to lose contracts with current and future clients. I'd love to see some examples. Apparently the judge decided that the negative coverage cost Toptal about $500k (as per compensatory damages). Is this a lot? Wikipedia says Toptal had $100mm revenue in 2016. I expected a bit more meat in an article titled `How...`

hn8726 2y ago
I just realized there's video content as well. Mostly repeating the written part, but gives an example of negative coverage: articles and a podcast covering that the early investors didn't get any stock. It also shows part of the sentence after "The evidence presented at trial revealed a deliberate, purposeful plot — committed to writing — to attack Toptal, with the ultimate goal of bankrupting the company,", which says: > The evidence showed that a critical piece of that attack was Mechanism's wrongful solicitation of numerous Toptal core team members, many of whom had been at Toptal for years and held important positions at the company, as well as members of Toptal's talent network Is hiring from competition really illegal in the US?

by hn8726 2y ago

hn8726 2y ago

I just realized there's video content as well. Mostly repeating the written part, but gives an example of negative coverage: articles and a podcast covering that the early investors didn't get any stock. It also shows part of the sentence after "The evidence presented at trial revealed a deliberate, purposeful plot — committed to writing — to attack Toptal, with the ultimate goal of bankrupting the company,", which says: > The evidence showed that a critical piece of that attack was Mechanism's wrongful solicitation of numerous Toptal core team members, many of whom had been at Toptal for years and held important positions at the company, as well as members of Toptal's talent network Is hiring from competition really illegal in the US?