4 ms·

How is this immaterial? The two co-founders tried to defraud an investor.

• ethbr0 5y ago
  IMHO, attempting to defraud an investor demonstrates a complete lack of ethics. It does not necessarily follow that your company is inherently fraudulent or worthless. Lots of terrible people run financially solid companies. Would I invest a dime? Hell no. But it doesn't mean that it's not a valuable company.
  • elliekelly 5y ago
    If it’s a solid company run by ethically challenged people then the board can (and should) fire the terrible people and replace them with better people. If the company’s only “value” comes from the terrible people being in charge then it is indeed a terrible company.
  • reginold 5y ago
    Ah I see what you mean now. What you mean is this event doesn't technically mean the entire company is a scam that has no clicks. It's possible all their traffic is organic and uses iOS and loves clicking ads, just that the CEO and co-founders conspired to impersonate this YouTube exec. Yes, it could technically still be a valuable company.
    • ethbr0 5y ago
      Unlikely to be valuable, but lying and bankruptcy are two different things. And I try and be pendantic, as "(Proven bad thing), so (worse thing that doesn't logically follow)" appears to be the paintbrush of our times.