21–30 of 221 posts
"Investor documents reviewed by The Wall Street Journal said the goal is for the plane to be the first light jet to focus on artificial-intelligence flight." Oh cool, can't wait for the vibe-coded autopilot to CFIT into the Rockies or dump itself into the ocean that it thought was totally a runway while a completely untrained, inexperienced hot shot with $10 million to blow flies this generation's V-tailed doctor kil…
I struggle to understand the psychology of how founders who are clearly incompetent charlatans get second+ chances -- they couldn't do fraud successfully but investors have a faith they could do business successfully. But they still get funding (like adam neumann of wework fame) and full on "narrative tongue baths" by the business media community (like this wsj article on trevor milton). Why? I struggle to understand…
But having founders that raise lots of money also have a value in itself even if the business fails in the long run.
In my experience, people who are compulsive liars or those who are willing to make large or repeated deceptions for personal gain never change. It is as natural to them as breathing. Some of them I am quite convinced believe their lies, but the net result is the same. I don't know Trevor Milton. I have never met him. Maybe he isn't a compulsive liar but just got in over his head and was trying to make it work. But I…
Says a lot about whether you can trust the WSJ.
'We Can Trust You Now' is a quote in the story from the subject. The subject himself claims: “I walk into meetings now, and I’ll get high-fives from the most wealthy people in the world,” he said. “They’re like, ‘Welcome to the club. You can withstand the fire. We can trust you now.’” The WSJ interviewed him and is reporting information about his past. I think the article portrays him as extremely shady and untrustwo…
Myself, I think people are mature enough to be able to read past a headline and come away from this with a clear eyed view of this fraudster.
I struggle to understand the psychology of how founders who are clearly incompetent charlatans get second+ chances -- they couldn't do fraud successfully but investors have a faith they could do business successfully. But they still get funding (like adam neumann of wework fame) and full on "narrative tongue baths" by the business media community (like this wsj article on trevor milton). Why? I struggle to understand…
> Trevor Milton’s conviction for defrauding investors in truck company Nikola was wiped away Best justice money can buy. > He’s now raising funds for a new jet he claims will transform flying With his history building the "truck that can roll unpowered down a hill" I shudder to think just how his jet would transform flying.
I struggle to understand the psychology of how founders who are clearly incompetent charlatans get second+ chances -- they couldn't do fraud successfully but investors have a faith they could do business successfully. But they still get funding (like adam neumann of wework fame) and full on "narrative tongue baths" by the business media community (like this wsj article on trevor milton). Why? I struggle to understand…
But that is neither here nor there. What is important is the now, and in the now you are in the presence of someone who is Good At Making Money. And you too, by joining forces, will be Making Lots Of Money with this charismatic person, who can clearly achieve great things and will be clearly avoiding any past missteps that may have caused their downfall right before reaching greatness (but weren’t their fault anyway).
Think of the future, not the past!