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Yep, one of the recent places I have worked had a 19 year old founder and raised 6 million euros. Founder has no experience, a buggy non functioning mvp, no cu
by malux85 3y ago
Yep, one of the recent places I have worked had a 19 year old founder and raised 6 million euros.
Founder has no experience, a buggy non functioning mvp, no customers, no traction.
He only got investment by plagiarising a paper that got cited a few times and then exploiting the fact that he fooled one clueless VC into giving them money so he must be good. This snowballed into other investors giving money. No technical DD, I spent 20 minutes reading the code when I started and could tell it was a whole bunch of nothing - a tiny system that creates a docker container but worse (reinventing the square wheel)
Well he might have potential you say? Nope. It’s been 2 years and he has completely failed to execute and get even a minimal number of customers (I.E. the individual ones that try it immediately churn because it’s buggy and useless)
It’s a complete circus, I can’t believe that a group of well known VC names are so clueless