Amid volatile markets, venture capitalists and startups must embrace transparency • TechCrunch

Amid volatile markets, venture capitalists and startups must embrace transparency • TechCrunch

The entrepreneurship and Emerging industries have long had a problem with transparency.

Theranos probably could have saved itself from a future fraud lawsuit if it had been honest about the shortcomings of its blood-testing device. Nikola founder Trevor Milton probably wouldn’t be on trial right now if he hadn’t allegedly lied to investors in a 2017 video showing the electric truck his company was building was operational when it wasn’t.

In today’s market, with a company coming from an incredible bull run into a recession, it’s especially difficult to keep up with the facts and the hype because the data hasn’t matched the talk.

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