3 ms·

Guess we'll have to keep sending people to prison until y'all get that your 'fake it till you make it' is in fact fraud, which most people understand as a kind

• throwawaymaths 3y ago
  It's not fraud if you tell your investors (and when you have customers, your customers) how you're faking it. "fake it till you make it" generally means "your product is egregiously incomplete for X reason(s)" and in many cases, the investors know this and willing to take the risk. It's on the investors to do due diligence and assess whether or not the risk is up to their level of appetite. I do believe that holmes was doing this for the much of her run with Theranos. That is normal startup behavior, and not really unethical, and certainly not illegal, though it can be spectacularly misguided, as we saw. At the point where she started hiding what she was doing, it became "fake it till you make it" that is ALSO fraud. So no. For chrissakes, Don't generally send people who "fake it till they make it" to prison.
  • scrubs 3y ago
    Nah, I think you take it too far. In that world everybody will need to take a too cynical view and vet everything and everybody. That's dog eat dog. Ultimately Holmes cheated faking test results. That's not faking it it. It is fake. Put another way: how many times N can you BS people until you conclude for some N>0 that the person is BS? That N isn't high.
    • throwawaymaths 3y ago
      BSing things is not faking things, though. for example: you can "bullshit around" and claim that you're working on getting your falcon 9 second stage reusable, and it's totally okay if you don't deliver.
  • stcroixx 3y ago
    Telling the truth is not faking it.