A desperate startup trying to trick retail investors into holding the bag at an offensive valuation should come with immediate criminal charges. Their board and

A desperate startup trying to trick retail investors into holding the bag at an offensive valuation should come with immediate criminal charges. Their board and executive team should've been arrested for financial fraud by the end of the day that email was sent. Every single person in a leadership role at Substack knows they are not worth $585 million. I am only half serious in saying it. But it does make me angry seeing accredited investors dumping their trash onto naive retail investors. a16z knows a lot about this, like the article mentioned.