How Stability AI’s Founder Tanked His Billion-Dollar Startup
How Stability AI’s Founder Tanked His Billion-Dollar Startup
Unpaid bills, bungled contracts and a disastrous meeting with Nvidia's kingmaker CEO. Inside the stunning downfall of Emad Mostaque.
If you want to hear Emad's side of the story he comments in this tread as emad_9608.
Here's one of their direct rebuttals: https://libreddit.kavin.rocks/r/MachineLearning/comments/1br9vxr/n_how_stability_ais_founder_tanked_his/kx8psi0/?context=3
Emad has a history of lying his ass off and grifting. I wouldn't trust a word out of his mouth. He basically stole the StabilityAI company from the original creator by convincing him it had little value, meanwhile he was courting investors to buy StabilityAI by exaggerating the capabilities that didn't exist.
He also used company funds to pay for his luxury apartment in London, and then tried to claim it was a accident and he would pay it back after he was caught.
He directed StabilityAI employees to take over control of the Stable Diffusion sub reddit and kicked the creator and main mod, who was a Dutch teenager.
There are too many alleged and confirmed incidents of his dishonest behavior to list them all here, but the most telling for me was when SD1.5 way released without StabilityAI's knowledge by RunwayML, who actually developed Stable Diffusion and thought they were working in an open partnership with Stability.
There's so much more drama surrounding Emad than what's in this Wikipedia article, but it hits some of the major issues. https://en.m.wikipedia.org/wiki/Emad_Mostaque
(Source: the Stable Diffusion discord server from August 2021 to now, most of which has since been scrubbed)
I'm well aware, this is just his side of the story. Thanks for collecting all of this.
I still remember after the community on Reddit kicked SAI employees out, he tried to downplay it at some event they were having.
Direct profile link, might be easier to find his comments
He acknowledges he was not good with business then why cling to power for so long? Stick to what you do well and delegate the rest.
He talks about delegating as well I think.
Hit a paywall. Here's the archived link:
I smell a puff piece. Someone is real angry.
Its high time we add N(vidia) to GAFAM too.