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Amid volatile markets, VCs and startups must embrace transparency – TechCrunch


The company and Startups have had a problem with transparency for a long time.

Theranos probably could have saved itself from a future lawsuit for fraud if it had been honest about the shortcomings of its blood-testing device. Nikola founder Trevor Milton unlikely to face trial at present 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 off an incredible bull run in the middle of a downturn, it’s especially difficult to keep track of what’s hot and what’s trending because data doesn’t match rhetoric. .

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