> 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.
randycupertino•4m ago
> 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.