4 ms·
Sorry. This blurb made me think cooked books: > Notably, the company told prospective investors in 2014 that the company was on track to break even and generat
by shrimpx 5y ago
Sorry. This blurb made me think cooked books:
> Notably, the company told prospective investors in 2014 that the company was on track to break even and generate $100 million in revenue. It brought in little more than $100,000 for that period.
Even if there was no cooking, how can they miss the mark by 1000x? How can VC be like “oh shit we were deceived. They said 100 million and it was 100 thousand.” It’s not rocket science to look at the operations of a company to determine if their claims are off by 1000x.
Edit: spelling.