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> Although investors should be doing more diligence than is currently in fashion, this issue is on the founders to fix. What incentive do founders have to "fix
by 7Figures2Commas 11y ago
> Although investors should be doing more diligence than is currently in fashion, this issue is on the founders to fix.
What incentive do founders have to "fix" this when investors aren't doing adequate due diligence?
- deleted 11y ago[deleted]
- tptacek 11y agoThe fact that they can be prosecuted for it.
- 7Figures2Commas 11y agoHow many Silicon Valley startup founders have faced felony charges for making financial misrepresentations in recent years?
- jbenz 11y agoIf you're choosing between "should I commit a felony or not" should it matter how often other are charged with it? What happens if law enforcement suddenly becomes more interested?
- deleted 11y ago[deleted]
- 7Figures2Commas 11y agoHave you considered the possibility that founders aren't being charged with felonies left and right because they're not committing felonies left and right?
- tptacek 11y agoCurrent bubble? I believe the answer is zero. Last bubble? I believe the answer is nonzero.
- 001sky 11y agoThe nuance is that the SEC prosecutes under the civil code by default. https://www.sec.gov/News/Article/Detail/Article/1356125787012 https://www.sec.gov/News/Article/Detail/Article/135612578701...
- fweespeech 11y agoIts a felony which means that little employment checkbox that asks if you were ever a felon? Yeah, that'd be the one you'll be checking from now on.