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摘要: avipat_/X; generalcatalyst/X; Getty Images; Tyler Le/BI

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Mindshare over matter

Copycat or competition? Inside a heated fight over a $31 million startup check

avipat_/X; generalcatal...

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avipat_/X; generalcatalyst/X; Getty Images; Tyler Le/BI

Discourse

Mindshare over matter

Copycat or competition? Inside a heated fight over a $31 million startup check

avipat_/X; generalcatalyst/X; Getty Images; Tyler Le/BI

Arielle Pardes

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2026-05-21T08:17:01.231Z

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Last Friday morning, Avi Patel was scrolling on X when he saw a post that made him crash out. The post, from General Catalyst investor Yuri Sagalov, announced a $31 million seed round for a startup called Luel, which pays people for AI training data. Patel is the founder of a startup called Kled that also pays people for AI training data. When Patel looked at Luel's website, it appeared almost identical to Kled's, right down to the font. Kled had recently raised a $5.5 million seed round, and Patel had taken multiple meetings with

General Catalyst.

Now, the fund was investing in a copycat. "They gave these guys the same terms I was asking for," he tells me. "That was my check that they were supposed to give me."

What followed was an escalation of drama worthy of reality television: Patel called Sagalov and other investors at General Catalyst, demanding answers. When they didn't pick up, he says, he called his own investors. One of them — Keenan Rice, a general partner at K5 Global — encouraged him to air out his grievances in a post on X. "If you really fundamentally believe that they ripped you off, they fully just copied it blatantly, then let the court of public opinion decide," Rice says. So Patel turned on his laptop camera, hit record


来源: Brave/businessinsider.com

采集时间: 2026-05-21 20:16:19

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