4 ms·

What's more frightening to me is how many VCs and other investors who went along with the charade and did not care that this criminal was a representative of th

• jacquesm 12y ago
  Investors in general have limited say in what the founders arrange amongst themselves. For all we know the settlement was reached after pressure from investors or maybe the exact opposite happened. I'm an investor in a small company (< 50 employees) that went through a very rough time in the beginning because of co-founder issues and it got resolved mostly because of investors working hard to save the company from going under. You could cynically conclude that that was done to protect our investment (and that might even be the right conclusion). What founders have been up to is not always immediately clear when you invest, sometimes the proverbial skeleton in the cupboard can be hidden quite well. I make a living digging such stuff up so I was fairly well prepared but the degree to which these things can blow up still surprised me.
• sjtgraham 12y ago
  Whoa, slow your roll. i) this is a civil matter, ii) both parties settled, with probably no admission of any wrongdoing by either party. Throwing around labels such as "criminal" is not something one does lightly. If you're not careful you could be soon facing a civil action of your own for libel.
  • Yourfags 12y ago
    hn was shaking in its boots...