Yeah, Theranos would have been hailed as a genius founder move if they managed to make the things work. But since it didn't make money she got put in prison.
>Yeah, Theranos would have been hailed as a genius founder move if they managed to make the things work. But since it didn't make money she got put in prison.
The key is to at least be believable. Anyone with any sense realized that Theranos' claims were literally impossible.
What are some actual examples of founders lying to their investors and getting away with it? I consistently see tech companies openly admit to losing insane amounts of money. OpenAI lost $5 billion last year on $3.7 billion in revenue and they're a $300 billion company????
I'm sorry, you were totally right. Sam Altman for example wasn't candid in his communications with board and investors. For that he was fired as CEO of openai and lives now a miserable live in poverty.
And so then the moral impetus changes to “it is right to lie to your investors and clients and utilize underpaid manual labour where you claim you have intelligent machinery to get rich?”
It’s tens of millions of dollars lol.
The emperor just took off his socks and is starting to do a little uncoordinated “sexy” dance
Okay slight correction: |lying to shareholders is okay until they start losing money. Then it's worse than admitting fault.
Yeah, Theranos would have been hailed as a genius founder move if they managed to make the things work. But since it didn't make money she got put in prison.
>Yeah, Theranos would have been hailed as a genius founder move if they managed to make the things work. But since it didn't make money she got put in prison.
The key is to at least be believable. Anyone with any sense realized that Theranos' claims were literally impossible.
What are some actual examples of founders lying to their investors and getting away with it? I consistently see tech companies openly admit to losing insane amounts of money. OpenAI lost $5 billion last year on $3.7 billion in revenue and they're a $300 billion company????
I'm sorry, you were totally right. Sam Altman for example wasn't candid in his communications with board and investors. For that he was fired as CEO of openai and lives now a miserable live in poverty.
And so then the moral impetus changes to “it is right to lie to your investors and clients and utilize underpaid manual labour where you claim you have intelligent machinery to get rich?”
It’s tens of millions of dollars lol.
The emperor just took off his socks and is starting to do a little uncoordinated “sexy” dance