I've had my share of encounters. There's a draft, never published, in my substack with the title "close encounters of the fraud kind" but I did publish a review of a book about fraud (Lying for Money) https://investorama.substack.com/p/this-book-will-help-you-avoid-financial it has a different perspective from your excellent list, it looks at the fraud itself not the individual.
The author, Dan Davies, offers a "Golden Rule" that startups may not like: "Anything which is growing unusually quickly needs to be checked out, and it needs to be checked out in a way that it hasn’t been checked before."
It's great and the author, Dan Davies, is a fascinating guy, I invited him to my podcast to discuss the book. Coincidentally it was a day after the Credit Suisse collapse ... and Dan's actually first a banking specialist so we discussed banking instead!
You have been through a tough experience - its great that you feel able to share the lessons more widely. There is a lot of wisdom in this post. I would amplify with two things from my experience:
1. Retain your humility. When someone is telling you how fantastic you are, be cautious of their motives.
2. If you see any of these signs, maybe means no. Trust your doubts not your hopes when deciding whether to carry on in business
I've had my share of encounters. There's a draft, never published, in my substack with the title "close encounters of the fraud kind" but I did publish a review of a book about fraud (Lying for Money) https://investorama.substack.com/p/this-book-will-help-you-avoid-financial it has a different perspective from your excellent list, it looks at the fraud itself not the individual.
The author, Dan Davies, offers a "Golden Rule" that startups may not like: "Anything which is growing unusually quickly needs to be checked out, and it needs to be checked out in a way that it hasn’t been checked before."
Purchased! Thank you 🤗
It's great and the author, Dan Davies, is a fascinating guy, I invited him to my podcast to discuss the book. Coincidentally it was a day after the Credit Suisse collapse ... and Dan's actually first a banking specialist so we discussed banking instead!
Nigeria? But there are so few spelling mistakes.
You have been through a tough experience - its great that you feel able to share the lessons more widely. There is a lot of wisdom in this post. I would amplify with two things from my experience:
1. Retain your humility. When someone is telling you how fantastic you are, be cautious of their motives.
2. If you see any of these signs, maybe means no. Trust your doubts not your hopes when deciding whether to carry on in business