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Living Room / Re: Startups and the Big Lie
« on: August 29, 2015, 10:10 PM »Often it feels to me like economic success is one big pyramid scheme... Here's an article about the central role lying plays in the startup model where companies raise billions based on a mirage of get-rich-quick success they create.Would the flip side of the coin, be the 'entrepreneur' who specializes in buying big financially healthy businesses or factories, then laying everyone off and selling off all the assets at a profit?They have little choice. Funding is contingent on growth, but that growth can only happen if no one really understands the funding situation. Founders have to tell the lie – that everything is fine, that a feature is going to launch even though the engineer for that feature hasn’t been hired yet, that payroll will run even though the VC dollars are still nowhere on the horizon.
Lying is a requisite and daily part of being a founder, the grease that keeps the startup flywheel running.
from slashdot.org-mouser (August 02, 2015, 12:02 AM)
For example: James Garner in Cash McCall.