Re:Theranos Lays Off Most of Its Remaining Workforce
by Alex3917 on Tuesday April 10, 2018 @02:21PM
(#16803733)
The idea of "faking it till you make it" is about projecting the self-confidence of someone whose already successful. I've never heard anyone use this phrase as a justification for providing materially false statements to investors or whatever.
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Re:Theranos Lays Off Most of Its Remaining Workforce
by cal5k on Tuesday April 10, 2018 @02:39PM
(#16803903)
I think the problem is that people often get away with doing ethically dubious things in early-stage startups. It only makes news when they got caught.
For example: Airbnb started out by scraping Craiglist for their listings. This was not only ethically dubious, it was against Craigslist's terms of service.
They got away with it, though, and have obviously gone legitimate since. Same with YouTube and copyrighted content.
Re:Theranos Lays Off Most of Its Remaining Workforce
by Alex3917 on Tuesday April 10, 2018 @02:46PM
(#16803963)
> I think the problem is that people often get away with doing ethically dubious things in early-stage startups.
No doubt. However, I personally don't see this as being at all related to 'fake it till you make it' as a concept.
Re:Theranos Lays Off Most of Its Remaining Workforce
by Sangermaine on Tuesday April 10, 2018 @03:29PM
(#16804393)
In previous threads on Theranos numerous posters defended the practice of early-stage companies lying to investors about their capabilities in order to gin up capital, the rationalization being it was okay if the capital let you eventually actually build those capabilities.