flâneur

How VCs can avoid being tricked by obvious frauds

noahpinion.substack.com · 3,142 words · saved by 1 readers

A guest post by Rohit Krishnan.

Two fraudsters who have been on the cover of Forbes. Left image: Public domain. Right image by Max Morse for TechCrunch, CC BY 2.0 The tech world is still reeling from the collapse of the crypto exchange FTX. Unlike in the cast of the fraudulent biotech company Theranos, FTX managed to hook lots of the supposedly most savvy investors in the space. So when venture investor and former hedge fund manager Rohit Krishnan offered to write a post about how venture capitalists can avoid being tricked by companies like FTX, I took him up on it. It’s a good sequel to Benn Eifert’s post on bullshit in…

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