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by tchock23
588 days ago
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Not a lawyer, but my local university (a registered non-profit) had an AI department that took in a ton of grant money before they rolled it out into a for-profit. The "founders" got fat salaries and bonuses after the conversion. They then started going around town hyping their success and whitewashing the history of the "startup" as if it was bootstrapped. I have no idea how they managed to legally pull that off... |
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