RealFeedApp Sankaet Pathak bought a $4.6 million home in Sausalito
Foundation Future Industries missed payroll payments in October while its CEO borrowed $4.6 million to purchase a luxury property.
- Field
- robotics
- What they did
- Foundation Future Industries, a company making military humanoid robots, failed to pay its employees last month due to dwindling cash reserves.
- Why it matters
- The situation has worsened because the founder borrowed $4.6 million from the company to buy a luxury home, leaving no money for workers.
#robotics#founder#layoffs#venture capital
