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- Vinod Khosla backs Factory CEO Chris Degnan
Benchmark partners acknowledged that the AI boom is straining the unwritten rule against funding competing companies. The conflict between Factory and Cognition, involving a board observer moving to a rival, exemplifies this erosion.
- Field
- business and funding
- What they did
- Partners at the Benchmark fund acknowledged that the AI boom is weakening the unwritten venture capital rule against backing two competing companies at once.
- Why it matters
- This could be useful for investors trying to understand how the rules of the game are changing in the AI sector, and for companies that might receive funding from the fund despite competing with other players.
#venture capital#ai#benchmark#factory#cognition
