The Dark Side of Unicorn Hunting: How VC Backers Enable Startup Fraud The tech world's fixation on unicorns has created a culture where growth is prioritized over ethics, and founders are incentivized to fake their way to success.
A recent report from Imperial College and Emlyon Business School sheds light on the alarming prevalence of fraud among VC backed startups.
However, what's more disturbing is the role investors play in perpetuating this problem. Researchers built a database of tech founders who faced civil and criminal securities fraud prosecutions between 2000 and 2023.