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> “Oh, man, the number of times I’ve been asked why my company isn’t growing as fast as X and then found out X was a fraud all along.” This, in sports, finance
by jarym 3y ago
> “Oh, man, the number of times I’ve been asked why my company isn’t growing as fast as X and then found out X was a fraud all along.”
This, in sports, finance, startups - everywhere. Dirty players skew the dynamics of any system leading to worse outcomes for those that choose to remain honest.
We need the supposed ‘smartest guys in the room’ to be less dumb and do due diligence and we need strong consequences for founders that misstate their company’s position.
- smartest-on-hn 3y ago[flagged]
- myth2018 3y ago> We need the supposed ‘smartest guys in the room’ to be less dumb Indeed. Many don't quite understand technology, and investors are no exception. There are smart ones, but those not necessarily make good investments -- they may simply look for good future exits and leave the bomb on the laps of the next suckers.
- cyanydeez 3y agoWelcome to wealth inequality consequences #356433
- suction 3y ago[dead]