Yes, but once they do an IPO, and/or sell the company, it becomes a federal crime to inflate your community of users. Some years ago, some girl went to jail for more than a decade because of it. She was offering students help to navigate grants, and sold it to one of the big four (can't remember which, I think it was JP Morgan) - She got convicted to 10 years or something from it.
The paradox is that technically the VC firm becomes complicit once they IPO or exit too, so they're stuck with their bad investment and can never cash it in, at which point their only option becomes to sue the founder and CEO, hoping to get some of their money back.
This is not one of those cases that will just "magically disappear" and the VC firm will cover their loss. In the mean time SupaBase gets all the attention, destroying real companies ability to get attention and an honest evaluation of their product.
Kind of similar to another case you've probably heard about; Theranos ...
For further actions, you may consider blocking this person and/or reporting abuse
We're a place where coders share, stay up-to-date and grow their careers.
Yes, but once they do an IPO, and/or sell the company, it becomes a federal crime to inflate your community of users. Some years ago, some girl went to jail for more than a decade because of it. She was offering students help to navigate grants, and sold it to one of the big four (can't remember which, I think it was JP Morgan) - She got convicted to 10 years or something from it.
The paradox is that technically the VC firm becomes complicit once they IPO or exit too, so they're stuck with their bad investment and can never cash it in, at which point their only option becomes to sue the founder and CEO, hoping to get some of their money back.
This is not one of those cases that will just "magically disappear" and the VC firm will cover their loss. In the mean time SupaBase gets all the attention, destroying real companies ability to get attention and an honest evaluation of their product.
Kind of similar to another case you've probably heard about; Theranos ...