How to Spot Red Flags of a Fraud-Driven Company
It’s a jarring realization when you discover your professional growth was funded by a business model that didn't actually work. I spent a good chunk of my early software engineering career at a UK startup called GenieDB, which eventually got snapped up by a US venture capital fund called Frost VP. I was functionally the only piece of the company that actually moved to the States. For a while, I lived the stereotypical startup life. We built things fast and played a lot of foosball. We also actively rejected revenue opportunities, which was the standard Silicon Valley playbook at the time. The goal wasn't to build a sustainable business, but to create "pioneering technology" that someone else would eventually want to buy. The problem is that this strategy relies on a very specific kind of luck. You aren't building a product for a market, you're building a lottery ticket. I spent years sharpening my skills in an environment that treated profit as a dist...