> Workers have yet to receive paychecks after San Francisco-based Foundation missed payroll on Oct. 30, said the people, who asked for anonymity to speak candidly about a private company.
> The situation has particularly angered some inside the startup because its CEO and co-founder, Sankaet Pathak, borrowed $4.6 million from the company last year to buy a luxury home, money that could have been used to pay workers, the people said.
> Public records show that an LLC that names Pathak as sole principal purchased a $4.6 million Sausalito, California, property with “sweeping, cinematic views” of the San Francisco Bay in October 2025.
> Workers have yet to receive paychecks after San Francisco-based Foundation missed payroll on Oct. 30, said the people, who asked for anonymity to speak candidly about a private company.
> The situation has particularly angered some inside the startup because its CEO and co-founder, Sankaet Pathak, borrowed $4.6 million from the company last year to buy a luxury home, money that could have been used to pay workers, the people said.
> Public records show that an LLC that names Pathak as sole principal purchased a $4.6 million Sausalito, California, property with “sweeping, cinematic views” of the San Francisco Bay in October 2025.
AI and robotics are allegedly going to leave us all with no pay. This guy is just staging a drill so we’re ready.
Can the investors sue him to get the $4.6 million he blew on a house back?