VC Chris Degnan and former board adviser to Factory AI has taken a job as chief revenue officer for competitor Cognition -- and everyone is arguing on X about it.
Factory CEO just accused his VC board adviser of spying for Cognition
TE TechCrunch 
Key points
- Matan Grinberg, co-founder and CEO of the AI coding startup Factory, said in a post on X on Wednesday that he fired VC Chris Degnan from his role as a board adviser.
- Grinberg alleges that Degnan shared confidential information with Factory’s biggest competitor, Cognition.
- Two hours after Grinberg’s post, Degnan announced on both X and LinkedIn that he had joined Cognition as its chief revenue officer.
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- Published
- Updated
- October 1, 2026 at 12:39 AM UTC
- By
- Julie Bort
- Section
- Startups
- Length
- 948 words · about 4 min read
- Format
- Article
- Original
- techcrunch.com ↗
