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This Insurtech Alleges Its Venture Backer Founded And Funded A Copycat: A Founder’s “nightmare” – Techcrunch
Posted on: Feb. 4, 2021, 6:36 a.m.
Relationships can be messy, including between startup founders and their venture investors. But in a case that takes messy to an extreme, an insurtech company in Santa Monica, Calif. called Sure is alleging that its Series A investor used privileged information to provide to a New York-based startup called Boost that the venture firm incubated and that quickly evolved into a competitor to Sure. Sure further assets that the venture firm — 29-year-old IA Capital Group of New York — ... Full investment news articleRelevent to this post: Menlo Ventures ff Venture Capital,