4 ms·
Feel free to add me on linkedin and share your deal flow! I'd genuinely love to see the startups you see and are invested in. When I was still in startups, I en
by neom 5y ago
Feel free to add me on linkedin and share your deal flow! I'd genuinely love to see the startups you see and are invested in. When I was still in startups, I encountered more than one experience where various investors begged me to lie to them. In one instance because they wanted their IRR higher, and in another because they felt if a specific metric was inflated considerably more, it would be easier to execute something. I'm not kidding around either, that happened.
- dboreham 5y agoInflating some metric is one thing. Saying that a thing that's impossible by laws of physics, has been done in your product is quite another. I do admit however that it's not the first time. When I worked in a large tech company, our investment arm asked me to look at a startup that was clearly the same kind of fraud (doing things that are impossible according to Shannon), and indeed did turn out to be a fraud. But that's one example in my entire career.
- deleted 5y ago[deleted]