Stanford University’s Stanford-StartX Fund and Magic Stone Alternative Investment, Plaintiffs in MedWhat Lawsuit, Invested in Competitor Sense.ly Without Disclosing to Defendant MedWhat

June 11, 2018 0 comments

San Francisco, CA — June 06th, 2018 — According to online records at CrunchBase and provided by MedWhat, Stanford University’s Stanford-StartX Fund and Magic Stone Alternative Investments (MSA), and their partners Suzanne Fletcher, Susan Weinstein, and Jenny Zeng, invested in MedWhat while simultaneously investing in MedWhat’s direct competitor, medical startup Sense.ly (Sensely), a virtual medical assistant and AI company. Both companies compete for the same type of customers and develop same technologies.

Suzanne Fletcher, Susan Weinstein, and Jenny Zeng never disclosed to MedWhat about investing in Sense.ly even though under contract with MedWhat they had a fiduciary duty to disclose any action that could cause harm to MedWhat, be a conflict of interest or send a red flag signal to new MedWhat future investors.

Additionally, MedWhat’s lawsuit plaintiff Regent Capital and partner Ling Yang is also an investor in a competing company with MedWhat, virtual medical assistant Comper.

 

About MedWhat.com, Inc.

Based in San Francisco, MedWhat develops medical deep learning, machine learning, natural language processing and personalized medicine. The company focuses on medical conversations, diagnosis and treatment, medical questions answering, medical image recognition, personalized medicine, and curation of genetic variance in biotechnology. It also helps doctors and nurses with personalized medical questions tied to patients EMRs and medical literature. MedWhat is building a unified algorithmic architecture to achieve human-level intelligence in medicine. The team is made up of a group of doctors, data scientist, A.I. PhDs and medical researchers from Stanford.

About Stanford-StartX Fund LLC

Stanford-StartX Fund LLC is Stanford University’s venture capital fund. It accelerates the development of Stanford’s top entrepreneurs through experiential education and collective intelligence.

For more information on the lawsuit:

Arturo Devesa: info@medwhat.com | www.medwhat.com
Suzanne Fletcher: suzanne@startx.stanford.edu
Susan Weinstein: susan.weinstein@stanford.edu | https://startx.com/ and https://www.stanford.edu/
Jenny Zeng: jennyzeng@msainvest.com | http://www.msacap.com/

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