4 ms·

Forbes 30 under 30 never misses

throwaway-0001 1y ago
WTH good ranking for Forbes. How much % is fraud at Forbes? JPMorgan was lured in by what appeared to be a database of 4 million users. In reality, that figure hovered around 300,000 users. Federal prosecutors had requested a 12-year prison sentence. Lawyers for Ms Javice, who had pleaded not guilty, had asked for just 18 months. US District Judge Alvin Hellerstein also ordered Ms Javice to forfeit more than $22m - and pay more than $287m to JPMorgan together with her co-defendant Olivier Amar, the start-up's chief growth and acquisition officer. Ms Javice, 33, made a name for herself in finance after founding Frank in 2017. The start-up was lauded for helping students navigate the college financial aid process, and Ms Javice was named on the Forbes '30 Under 30' list two years after starting the company.
- lazyasciiart 1y ago
  What?
  - throwaway-0001 1y ago
    How much % of Forbes is fraud? Anyone keeps tracking?
    - nashashmi 1y ago
      I think all of them have been found guilty of something
      - lazide 1y ago
        The dot-com Era equivalent was getting a Fast Money cover shot.
      - throwaway-0001 1y ago
        The wall of shame says is 99.9% legit. I doubt that
jacquesm 1y ago
Yes. Like an investment by SoftBank that's almost a kiss of death now. They even have a hall of shame.
- alfiedotwtf 1y ago
  If SoftBank invests in a 30 Under 30 founder, does it cancel each other out, or does it effectively speed-run the time between investment and jail time
  - fakedang 1y ago
    I don't know about the speed-ups but it certainly sets them up for a Netflix/Hulu documentary.
  - jacquesm 1y ago
    Depends on the jurisdiction.
blitzar 1y ago
The criteria to be on the list is having a PR team to get you on the list. The overlap between Under 30's with a PR team dedicated to getting them "on the list" and grifters, shysters and con artists is pretty big.
glimshe 1y ago
Most of successful founders are over 40. They should probably drop the paradigm entirely and start publishing a "40 over 40" list for up and coming founders.
- lazide 1y ago
  They didn’t care about success. They cared about flash and notoriety. Which notably aren’t very often correlated with long term success, but aren’t completely divorced from it either. The thing to realize is that the news is about notable things, and things are notable when they’re not normal/standard/boring. In your personal life, it’s often (actually) ideal to live a life that no newspaper reporter would give a second thought about writing up.
  - BobbyTables2 1y ago
    It’s odd, seems like most executives 40 and up seem to only care about flash and notoriety too…
    - lazide 1y ago
      The ones I’ve seen who actually get things done, weren’t particularly. And if not actually getting things done, in my experience the shelf life is short. But hey, lots of different ways to get money, and as long as you can avoid a fraud charge I guess?
dzonga 1y ago
it has become a go to list of who to be scammers.
recursivecaveat 1y ago
For the record there are several regions, most with many many categories (some rather sad ones from the NA list: "venture capital", "social media", "retail and e-commerce", and "marketing and advertising"). There were 1230 total people on the global lists this year. Of course Forbes can't really defend itself because the notion of a "twelve hundred under 30" damages the pay-to-play golden goose. I would recommend poking around the list if you ever want a mood lightener. There are a truly comical number of people whose bio reads: "co-founder (CEO is over 30) of AI powered yadada which has raised $3M from investors". I think the median 30u30 business actually has considerably less revenue than a typical convenience store.

WTH good ranking for Forbes. How much % is fraud at Forbes? JPMorgan was lured in by what appeared to be a database of 4 million users. In reality, that figure hovered around 300,000 users. Federal prosecutors had requested a 12-year prison sentence. Lawyers for Ms Javice, who had pleaded not guilty, had asked for just 18 months. US District Judge Alvin Hellerstein also ordered Ms Javice to forfeit more than $22m - and pay more than $287m to JPMorgan together with her co-defendant Olivier Amar, the start-up's chief growth and acquisition officer. Ms Javice, 33, made a name for herself in finance after founding Frank in 2017. The start-up was lauded for helping students navigate the college financial aid process, and Ms Javice was named on the Forbes '30 Under 30' list two years after starting the company.

lazyasciiart 1y ago
What?
- throwaway-0001 1y ago
  How much % of Forbes is fraud? Anyone keeps tracking?
  - nashashmi 1y ago
    I think all of them have been found guilty of something
    - lazide 1y ago
      The dot-com Era equivalent was getting a Fast Money cover shot.
    - throwaway-0001 1y ago
      The wall of shame says is 99.9% legit. I doubt that

jacquesm 1y ago

Yes. Like an investment by SoftBank that's almost a kiss of death now. They even have a hall of shame.

alfiedotwtf 1y ago
If SoftBank invests in a 30 Under 30 founder, does it cancel each other out, or does it effectively speed-run the time between investment and jail time
- fakedang 1y ago
  I don't know about the speed-ups but it certainly sets them up for a Netflix/Hulu documentary.
- jacquesm 1y ago
  Depends on the jurisdiction.

blitzar 1y ago

The criteria to be on the list is having a PR team to get you on the list. The overlap between Under 30's with a PR team dedicated to getting them "on the list" and grifters, shysters and con artists is pretty big.

glimshe 1y ago

Most of successful founders are over 40. They should probably drop the paradigm entirely and start publishing a "40 over 40" list for up and coming founders.

lazide 1y ago
They didn’t care about success. They cared about flash and notoriety. Which notably aren’t very often correlated with long term success, but aren’t completely divorced from it either. The thing to realize is that the news is about notable things, and things are notable when they’re not normal/standard/boring. In your personal life, it’s often (actually) ideal to live a life that no newspaper reporter would give a second thought about writing up.
- BobbyTables2 1y ago
  It’s odd, seems like most executives 40 and up seem to only care about flash and notoriety too…
  - lazide 1y ago
    The ones I’ve seen who actually get things done, weren’t particularly. And if not actually getting things done, in my experience the shelf life is short. But hey, lots of different ways to get money, and as long as you can avoid a fraud charge I guess?

dzonga 1y ago

it has become a go to list of who to be scammers.

recursivecaveat 1y ago

For the record there are several regions, most with many many categories (some rather sad ones from the NA list: "venture capital", "social media", "retail and e-commerce", and "marketing and advertising"). There were 1230 total people on the global lists this year. Of course Forbes can't really defend itself because the notion of a "twelve hundred under 30" damages the pay-to-play golden goose. I would recommend poking around the list if you ever want a mood lightener. There are a truly comical number of people whose bio reads: "co-founder (CEO is over 30) of AI powered yadada which has raised $3M from investors". I think the median 30u30 business actually has considerably less revenue than a typical convenience store.