| Did my old job only exist because of fraud?(david.newgas.net) | |
| 646 points by advisedwang 15 hours ago | 278 comments | |
tl;dr: A software engineer reflects on his early-career job at GenieDB, a UK startup acquired by Stuart Frost's VC fund, which later faced SEC fraud charges for charging portfolio companies excessive fees. Digging into court records, the author found evidence suggesting GenieDB may have been kept alive primarily to siphon investor money through fees, though the core technology concept was legitimate. He grapples with the realization that the fraud indirectly shaped his entire life, including his move to the US. | |
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