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If delivery is unavailable, th
Drama in Neon Machine: Who really controls the studio behind Shrapnel?
Odaily: The tension between the founders of Neon Machine and their investors has just exploded in court. The six co-founders of this game studio —including CEO Mark Long— sued Cort Javarone (CEO of 4D Factory Investment), Steve Horowitz (shareholder of 4D), and Scott Honour (Northern Pacific Group), accusing them of attempting to seize control of the company and empty its coffers.
The plot: In mid-November, Javarone self-proclaimed himself as CEO and removed Long from the board of directors. But Long did not back down: he posted on X saying that he is still the CEO. A classic corporate power move.
The context: In October, Neon Machine closed a Series A round of $20M led by Polychain Capital, with support from Franklin Templeton, IOSG Ventures, and other heavyweights. The money was to boost Shrapnel, a shooting game they planned to launch in early access in December. With 70 employees on the team, things looked good.
The problem: The founders claim that Javarone is violating contractual commitments with the new investors. Basically, a battle over who controls table ( and safe ).
What will be the outcome? The courts of Delaware will tell. In the meantime, the question is: what happens with Shrapnel? (Decrypt)