The article explains exactly how it matters. Arrington didn’t care that much until people started asking him about his connections to various crypto ICOs.
But he has no connection to them. He can simply say that, he can throw the ico under the bus and recommend against doing business with them. He can do whatever. If the investors talk to the wrong founder, that’s not exactly helping the fundraising process, is it?
Ethics matter, truth is real, I’m not justifying any sort of dishonesty but the difference between a real Co-founder that signed some articles of incorporation or something and an early employee that you gave 10% of the company to is kind of academic. If you have to make spurious claims to get your ico off the ground some investors will sniff it out, others won’t, that’s business. People “round up” on their resumes, it’s a known open secret, right?
Ethics matter, truth is real, I’m not justifying any sort of dishonesty but the difference between a real Co-founder that signed some articles of incorporation or something and an early employee that you gave 10% of the company to is kind of academic. If you have to make spurious claims to get your ico off the ground some investors will sniff it out, others won’t, that’s business. People “round up” on their resumes, it’s a known open secret, right?