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The "move fast and break things, fake it 'til you make it" culture around start-ups I think really blurred the line between acceptable behavior and criminal fra
by pyrophane 4y ago
The "move fast and break things, fake it 'til you make it" culture around start-ups I think really blurred the line between acceptable behavior and criminal fraud for a lot of people, and some of them stepped on the wrong side of it and got arrested.
As the startup scene cools a bit, hopefully there will also be a rethinking of some of its values that will lead to less of this sort of thing.
- duxup 4y agoI don’t think it has anything to do with catch phrases or “culture”. Anyplace that large amounts of money shows up fast just provides opportunity for these things to happen. And in this case lying about how much business you do / customers you have… that one is as old as business…
- _fat_santa 4y agoThis wasn't her bending the rules or going outside the bounds, she straight up faked a majority of their users which was the entire reason JPM invested.
- wonderingyogi 4y agoThis is more common than you think in the startup world. This isn't the first time I have heard such things. Mobile game companies do this too.