3 ms·
The SEC and DOJ charged this startup founder with fraud, lied to Tiger and other
- rmason 5y agoI know every founder who raises venture capital wants to create a unicorn. But to greatly inflate sales figures is stupid and easily discovered. How can you be so talented as to create a startup worth hundreds of millions of dollars and still feel it isn't enough? Update: I always thought that VC's did due diligence and that was how this guy was caught. Nope, apparently someone told the board of directors after they raised the B round from Tiger! https://www.bloomberg.com/opinion/articles/2021-08-26/accused-ponzi-schemer-kept-busy https://www.bloomberg.com/opinion/articles/2021-08-26/accuse... Note the article on HeadSpin is second on the page.