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Matan Grinberg, CEO and co-founder of Factory, accused a former adviser to its board of sharing confidential information with Cognition before joining it, while Chris Degnan denied the accusation and said he resigned when he informed Grinberg that he had accepted the new position. The dispute highlights the risks of conflicts of interest when startup board advisers work with direct competitors.
Startup Mazama Energy has raised $135 million in a Series B round to develop deep horizontal wells in rocks reaching temperatures of 400 degrees Celsius, and is targeting the start of electricity generation next year. The company says each well could produce 15 megawatts, while its first site in Oregon could eventually reach 10 gigawatts of capacity.