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A comment on Former Executives of Outcome Health Convicted in $1B Corporate Fraud Scheme – OP.

Re:Former Executives of Outcome Health Convicted in $1B Corp... by boeingUH60 on Wednesday April 12, 2023 @09:55AM (#35539705)
The sole aim of this company was to extract money from investors...somehow, they managed to raise $500mn, $159mn of which went to the founders for selling secondary shares [1].

I really don't understand people like this. It's far easier to build a serially unprofitable business and cash out your shares...ask Adam Neumann, Travis Kalanick, and the GoPuff founders. Just don't lie to investors, pretend you're building something real at least.

1- https://www.wsj.com/articles/former-outcome-health-executive...

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Re:Former Executives of Outcome Health Convicted in $1B Corp... by rchaud on Wednesday April 12, 2023 @10:29AM (#35540306)
They went Ozy Media when they should have gone WeWork.
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Re:Former Executives of Outcome Health Convicted in $1B Corp... by pinkfairy10 on Wednesday April 12, 2023 @10:59AM (#35540858)
It’s easier to commit fraud than start a unicorn tech company. How can you not understand that?
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Re:Former Executives of Outcome Health Convicted in $1B Corp... by ghaff on Wednesday April 12, 2023 @11:10AM (#35541062)
But you don't go to jail for failing to start a unicorn tech company so long as you don't do anything illegal.
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Re:Former Executives of Outcome Health Convicted in $1B Corp... by JeremyNT on Friday April 14, 2023 @08:01AM (#35568516)
He did the "hard" part of this, which is getting investors. It didn't matter whether the business failed at that point.

If he'd just failed without the deception he could have collected his golden parachute, then gone on to keep failing at new startups for an indefinite amount of time.

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Re:Former Executives of Outcome Health Convicted in $1B Corp... by throwway120385 on Wednesday April 12, 2023 @11:19AM (#35541244)
Intellectual Ventures is a good example of this but in the hardware space. Products that are perpetually on the cusp of release are a good source of funding I guess.
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