Anatomy of Startup Frauds
▻https://matt.sh/anatomy-of-a-fraud
Forbes recently outlined The Ugly Unethical Underside of Silicon Valley describing the rise of objectively fraudulent tech companies. Numerous marketing-over-substance bubbles have shattered in the past few years, and there are more companies collapsing soon.
Tech frauds are built on top of three layers:
Software with Unlimited Scapegoats
S.C.R.E.A.M. (Sales and Consulting Rule Everything Around Me)
Shady Foundings
You can protect yourself from tech frauds easily. Even though it can be difficult discerning numerous bad-faith behaviors from the endless “blameless mistakes” of software development, objectively recording how your vendors lie can quickly reveal patterns of fraud in plain sight.