Thank you. You're spot on.
11 karma · joined June 1, 2018
To clear up uncertainty:
- This is in California.
- Pretty sure I signed over IP in the term sheet when the VC deal became official.
- In the month before VC investment, someone else did write code with me: a lot of infra work and the push notification code.
- It was a $several MM round but the company hasn't made much progress since then, so don't know how much value the company still has.
- To add to the fraud, the academic also rigged a study at a top university that the product bases its efficacy on.