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by pantojax45 1333 days ago
How does this change their organizational model now they have VC money?

> “Nobody has any voting rights except our employees — no billionaires, big funds, governments or anyone else with control of the company or the communities we support. We’re completely independent,” Mostaque told TechCrunch in a previous interview. “We plan to use our compute to accelerate open source, foundational AI.”
1 comments
vasco 1333 days ago
> We’re completely independent

After taking $100 million of other people's money, were they born yesterday?

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sytelus 1333 days ago
New way of founding allows founders to retain 100% control. Facebook and Google are examples in their early years.
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vasco 1333 days ago
Owning voting shares is quite different from being independent. Investors had plenty of influence on those companies regardless of the founders setting up dual class shares.

If you think a startup with investors operates the same way as one without, and that it can be independent the same way, I'm not sure what to say.

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