Haven't startups always done this? Its easier to get caught now, but startups are rewarded, not punished, for thishttps://twitter.com/hadip/status/608698113981702144 …
@dearsarah I don't think so. It's common to make outlandish forecasts 3-5 years out. Misrepresenting current-year $s is different.
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@hadip Sure; but, its hardly uncommon-particularly when startups are rewarded w/ press & or acquisition. Who trusts a startups own numbers? -
@dearsarah current financials are traditionally based on facts, not guesstimates. Lying about them is illegal, it's not always been common - Show replies
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