Comments on: Three Simple Rules for Stealing My Money

By: JRoch

JRoch — Tue, 29 Dec 2009 23:38:27 +0000

Cross-linking spambots should be coded better. Having these two posts side by side is just *slightly* too obvious, no?

By: Jacqueline

Jacqueline — Fri, 18 Dec 2009 19:26:34 +0000

You’ve forgotten that in the movie the investors wanted to believe. Many people want to be fooled.

By: Lee

Lee — Mon, 14 Dec 2009 23:11:32 +0000

What’s the old saying, “Never blame anything on fraud that can be caused by incompetence. It’s more common.”

By: Reminder

Reminder — Sun, 13 Dec 2009 23:28:36 +0000

I think you should definitely start the company… right after your robots start rolling on the moon.

By: Matthew Kaur

Matthew Kaur — Sun, 13 Dec 2009 12:16:30 +0000

I have to say that I am really impressed with your blog overall. You obviously know what you are talking about as you write with passion. If I had your writing ability, I know I could be a success. I have bookmarked your web site and look forward to more updates.

By: Logan Gertrude

Logan Gertrude — Sat, 12 Dec 2009 12:18:41 +0000

I must tell you that overall I am very taken with this blog.You evidently know what you are speaking about as you write with passion. If I had your writing ability, I know I would be a success. I have bookmarked your web site and look forward to additional updates.

By: Richard C Haven

Richard C Haven — Thu, 10 Dec 2009 23:56:55 +0000

I would add one more class of risk: the Vanity Company. Specifically, the CEO or the head geek wants to prove that THEY are right, especially if everyone else said that their idea was not the best way. They would rather the company fail than succeed if that meant giving up control or the design. Borland is a great example, and I have worked for four other Vanity Companies as well.

I would love a job on a due diligence team: I can spot development bullshit a mile away. It makes interviewing hard because joining a company requires a lot of hope, and mine is worn down a bit.

A friend who was an insurance auditor said that, compared to waste, fraud is nothing.

Cheers

By: Ron

Ron — Wed, 09 Dec 2009 23:17:22 +0000

You wanted technology startup fraud examples?
How about the biggest modern technology fraud in Australia?
Firepower sold a magic pill that was supposed to dramatically
increase gas mileage. They scammed millions from investors
and at least $400K from the Aussie government itself.

By: Simon

Simon — Tue, 08 Dec 2009 02:14:56 +0000

Bob, it’s a great idea.

Call it VentureRisk – tagline “Nothing Gained, Nothing Ventured”

Sadly, some energy company has registered the domain already….

By: Mkkby

Mkkby — Mon, 07 Dec 2009 02:31:51 +0000

You’ll be in direct competition with the major investment banks and VC’s. With no prior experience, and no securities license (?), and no law degree (?) — I’d say your business has less than a 5% chance of succeeding. Frankly, based on the writing I’ve seen here, your technical background isn’t strong enough either.