Summary of The Ugly, Unethical Underside of Silicon Valley

As the list of startup scandals grows, it’s time to ask whether entrepreneurs are taking “fake it till you make it” too far.

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The Ugly, Unethical Underside of Silicon Valley summary
Does the Silicon Valley overconfidence culture foster startup scandals?

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6 Innovation

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More and more examples of fraudulent activity among Silicon Valley start-up founders are raising the question of whether the problem is systemic in the aggressive make-it-or-break-it start-up community. Entrepreneurial start-up culture encourages rule bending – but rampant rule breaking may threaten its future. getAbstract recommends this article to investors, entrepreneurs, and anyone with an interest in Silicon Valley and start-up culture.

In this summary, you will learn

  • Why recent claims of fraud in Silicon Valley are drawing attention to the start-up community,
  • Why the pressure to grow fast and compete aggressively leads to increasingly exaggerated growth claims, and
  • What effect the rising number of scandals may have on the future of Silicon Valley’s start-up scene.
 

Summary

When The Wall Street Journal first brought to light irregularities at blood-testing start-up Theranos, some investors were outraged by the “slam piece.” Meanwhile though, with accounts of massaged figures and other scandals mounting, start-ups are distancing themselves from Theranos and other...
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About the Author

Erin Griffith is a senior writer at Fortune and contributor to the Los Angeles Times. She covers technology, start-ups and venture capital.


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