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I won't name names, but I know of a founder who raised tens of millions without a whisper of a product, any technical chops, or even an impressive resume. His d
by gnicholas 4y ago
I won't name names, but I know of a founder who raised tens of millions without a whisper of a product, any technical chops, or even an impressive resume. His dad was very well-connected in SV, though.
I've followed the son's career, and it seems that he has squandered tens of millions of dollars over the course of a decade. Glassdoor reviews are not kind to his company, or him specifically. Apparently he lies to employees and recruits about milestones and such. I have wondered if his gravy train will ever run out of steam. So far, it hasn't — he lives in a multimillion dollar house and drives fancy cars. Oh, and his startup was covered in TechCrunch, of course!
- HWR_14 4y agoDepending on who his dad is, losing tens of millions over a decade on the son could be worth it. A lot of bribery works by giving money to family members. The gravy train might only end when his dad is no longer in a position to repay people with favors.