---
title: "Sources: Index Ventures dropped plans to invest in AI assistant Town after Instinct, which Index is backing, complained about a potential conflict of interest (Alex Konrad/Upstarts Media)"
type: signal
url: https://frontiernewswire.com/s/sources-index-ventures-dropped-plans-to-invest-in-ai-assistant-town-0389ca25
published: 2026-09-03T23:10:01.000Z
byline: "Source: TECHMEME"
---

# Sources: Index Ventures dropped plans to invest in AI assistant Town after Instinct, which Index is backing, complained about a potential conflict of interest (Alex Konrad/Upstarts Media)

Source: TECHMEME · Published 2026-09-03 · Canonical: https://frontiernewswire.com/s/sources-index-ventures-dropped-plans-to-invest-in-ai-assistant-town-0389ca25

Alex Konrad / Upstarts Media : Sources: Index Ventures dropped plans to invest in AI assistant Town after Instinct, which Index is backing, complained about a potential conflict of interest — Exclusive details on Town's new $90M fundraise at a $1B valuation, and the eleventh-hour cap table reshuffling behind it, per Upstarts sources.

In this story: [Instinct](https://frontiernewswire.com/companies/instinct), [Index Ventures](https://frontiernewswire.com/companies/index-ventures), [Alex Konrad](https://frontiernewswire.com/people/alex-konrad), [Town](https://frontiernewswire.com/companies/town), [Upstarts Media](https://frontiernewswire.com/companies/upstarts-media)

## Sources

- [Read the original at TECHMEME](https://www.techmeme.com/260903/p47#a260903p47)

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