The end of faking it in Silicon Valley
The latest chorus of charges, convictions and sentences have created a feeling that the start-up world’s fast and loose fakery actually has consequences.
San Francisco | Faking it is over. That’s the feeling in Silicon Valley, along with some schadenfreude and a pinch of paranoia.
Not only has funding dried up for cash-burning start-ups over the past year, but now, fraud is also in the air, as investors scrutinise start-up claims more closely and a tech downturn reveals who has been taking the industry’s “fake it till you make it” ethos too far.
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