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Dominique Baker @bakerdphd.bsky.social

"Last winter, it all went south. Builder’s board discovered that sales had been significantly overstated. The [CEO] resigned. Within a few months, Builder...went from a $1.5 billion unicorn to bankruptcy...now being liquidated in a Delaware court." The first state! www.nytimes.com/2025/08/31/t...

aug 31, 2025, 10:34 pm • 26 4

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Dominique Baker @bakerdphd.bsky.social

One of the reasons I never could wrap my brain around how Silicon Valley operates is that this really feels true

Screenshot of article that reads: The lawsuit said the company had two sets of books, one with fake numbers for investors, one with the real numbers. Engineer.ai had only a handful of customers, and most were unhappy with the product, the suit said. Drawing explicit comparisons to Elizabeth Holmes and her medical start-up, Theranos, Mr. Holdheim said in his lawsuit that the start-up was all “smoke and mirrors.” Mr. Holdheim said in his suit that he had confronted Mr. Duggal on this point. The chief executive responded, he said, by saying everyone did it. “Every tech start-up exaggerates to get financing — it’s the money that allows us to develop the technology,” Mr. Duggal was quoted as saying.
aug 31, 2025, 10:47 pm • 22 3 • view
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25 O'clock @25-oclock.bsky.social

📌

aug 31, 2025, 10:50 pm • 0 0 • view
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Rob Moore, Ph.D. @drrobmoore.bsky.social

that show Silicon Valley was really a documentary

aug 31, 2025, 11:07 pm • 1 0 • view
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Ozmodiar, Space Elf @ozmodiar.bsky.social

Isn’t it incredible? Fraud is just expected. Theranos made the mistake of developing a real world product that involved poking people. If she’d made faulty software instead she would either be rich by now or being paid 7 figures to lead her fourth start up attempt

aug 31, 2025, 11:31 pm • 1 0 • view
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John Hodge @jghodge.bsky.social

Stuck on the first sentence, like isn’t this literally the plot to the Producers…?

sep 1, 2025, 12:05 am • 1 0 • view