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31/10/2025
We need a word for a very specific type of founder fraud that's slowly starting to pop up:
Startup raises a lot of money far ahead of their valuation
Founders effectively "give up" but keep paying themselves generously with the cash raised versus returning money to investors
Tenho quase certeza de que o meu amigo @AndrewWarner criou este termo 🤣 banger
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