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GaryV was a major investor in FaithBox, a company that knowingly incurred huge bills with my company that they'd knew be unable to pay (I run a 3PL). The switch
by lxmorj 8y ago
GaryV was a major investor in FaithBox, a company that knowingly incurred huge bills with my company that they'd knew be unable to pay (I run a 3PL). The switched to another warehouse for two months and did the same to them, then they "sold" to a firm in Omaha in a supposedly $0 asset-for-debt sale, and the buyers are trying to get out of paying me ~$60k. My lawyers are on it and I expect to get something out of them eventually, but I was lucky my business was far enough along to survive the hit.
The guy who ran the company into the ground through gross mismanagement was one of the speakers at SubSummit this year.
Such 'hustle'...
- pokemongoaway 8y agoMany of these people whose brand is promoted the way GaryV does seem to be like this - and few seem to have the balls to call them out. I met Gary. He's definitely one of those overly keen on technology being able to save us all. The old-school values on personal reputation in business have certainly faded. The strange thing is that people act baffled when their reputation is ruined... See Theranos, for example. Holmes continues to behave as if there are no consequences for fraud - and maybe there are not for her.
- mindentropy 8y agoI am seeing more and more of this on youtube now. The people who advise others like this are usually flawed in their business dealings. These people usually tend to focus on soft skills without any emphasis on other skills. The soft skills is usually convincing people and leans more towards conning people with sweet talk and forceful marketing.