“He stated it was going to be problematic if Adchemy was embroiled in litigation while discussing the Microsoft deal.”
Adchemy had raised nearly $60 million and sued three AdGrok founders personally. Paul Graham leaned on Adchemy’s investors and Sam Altman got a Microsoft contact to raise the lawsuit in a deal meeting. The suit died within months without a ruling. That is not an accelerator. That is a protection racket with a demo day.