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AI sales startup 11x claims customers it doesn’t have for software that doesn’t work (pivot-to-ai.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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https://www.youtube.com/watch?v=ADGjb4vITpM - video

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[–] [email protected] 0 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

claiming to have customers you don't actually have so vocally that they have to sue you to get their names out of your mouth should be a death knell on its own, but the whole "pretending their already-expired three-month trial contract is still in effect for the full year" is a great way to find yourself pulling a Sam Bankman-Fried, except that you don't have a side company to pull $$$ from to cover your tracks

[–] [email protected] 0 points 3 weeks ago

The investors read "11x, the company's, revenue is 10 million" but what they missed was that the correct reading was "11 x [the company's revenue] is 10 million", so the actual revenue is less than a million. Easy mistake to make! Better luck next time investors!