News for hackers. Stuff that matters.
Re:Startups Rejecting Venture Capital by rchaud on Friday January 11, 2019 @02:34PM (#18886140)
Zenefits was a highly touted workplace benefits startup that got into huge trouble when a Buzzfeed investigation (of all things), found that one of its execs had gamed a state insurance agent exam (I think that's what it was), so their staff could essentially cheat and obtain certifications faster.

The exec in charge was fired, and a lot of their key staff had already jumped ship by then.

Re:Startups Rejecting Venture Capital by mathattack on Friday January 11, 2019 @02:58PM (#18886384)
I think the pattern was worse than a few rogue employees, and it cost the CEO his job.
Re:Startups Rejecting Venture Capital by rhizome on Friday January 11, 2019 @06:03PM (#18888053)
Indeed, the fake cert thing was foundational to their business model.