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by qz2 2006 days ago
Problem with investors is that they pay third parties to do audits and third parties are filled with box tickers who ask a load of questions. You can strategically answer any question. So the game becomes how to answer the audit questions effectively rather than an honest appraisal of the situation.

Also it's not really fun. It's a frustration ridden shit show. You spend all day solving complex problems instead of building business value.

A fine example of where the tradeoff ends is spending three weeks solving fundamental networking issues due to stack complexity and immaturity.

1 comments

> You can strategically answer any question.

Good luck with that.

We do exactly that for a living here, we're essentially 5 people who are all CTO grade and have run our own companies. If you can fool us for a whole day you've deserved your investment, but I highly doubt anybody ever got away with that.

There’s at least two layers of indirection and yes I probably could fool you or just blatantly lie.
Good for you, it's been tried but so far without success. Maybe you're the exception but I highly doubt that. Arrogance on my part, for sure, but the record on my end speaks for itself (170+ companies looked at to date) and you are an AC.
My house was paid for by someone who was that arrogant :)
Oh, so you're a fraudster. No wonder you keep your account anonymous here. Well, good for you. I prefer to go the long way though.
Companies are lying to each other and to customers on a regular basis. Most of those lies are framed in a certain way and are not fraud from a legal point of view (the one where you go to jail).
Absolutely not. I was merely an engineer telling truth to the management staff. This taught me a rather large lesson that it’s more about the person’s integrity passing the facts on than the convenience of the facts or the reality of the facts themselves.

I hold myself to a far higher standard than my former employers.