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> But this site just feels like it's picking on people. They never have any real insight; they just call out founders by name Sorry, when you ask for tens of m
by smt88 3y ago
> But this site just feels like it's picking on people. They never have any real insight; they just call out founders by name
Sorry, when you ask for tens of millions of other people's dollars and use that experience to self-promote (and possibly raise for a new venture down the road), you don't get to try to bury your failure. If your name is in the press release about raising the money, it's totally reasonable for it to be in the press release about how you lost it all.
Encouraging people to benefit from their successes and hide their failures is how we get clowns like Emad Mostaque[1] who fail upward at the expense of more qualified and ethical people.
1. https://www.forbes.com/sites/kenrickcai/2023/06/04/stable-diffusion-emad-mostaque-stability-ai-exaggeration/?sh=66edfee575c5 https://www.forbes.com/sites/kenrickcai/2023/06/04/stable-di...
- gkoberger 3y agoI'm all for accountability, but no investor is going to source information from Failory. They do no investigation and offer no unique insight; it's just clickbait blog spam. The same exact article gets posted ever few months here. VCs expect a majority of their investments to fail. On a long enough timeline, all companies eventually will fail. A company not working out isn't necessarily a disqualifying event, and your comment confused generic failure and intentional fraud.