Typical start up operator is a bullshitter. They bullshit investors for money. It's completely normal and legal. If you don't bullshit - you don't get funded.

Typical start up operator is a bullshitter. They bullshit investors for money. It's completely normal and legal. If you don't bullshit - you don't get funded. Simple. Theranos for example was a typical bullshit company on steroids.