Joanna Smith-Griffin is Not AllHere
Today’s Lesson plan from 30 under 30: 1) Inflate your revenue. 2) Invent your clients. 3) Hope nobody checks your math.
Joanna Smith-Griffin, founder of AllHere Education promised to solve chronic absenteeism with an AI-powered chatbot. This celebrated edtech venture, meant to be an educational savior, wasn’t even safety net.
Lucas Duplan's Clinkle, Crumble, Crash
Lucas Duplan’s Clinkle is an early cautionary tale. Let’s look at the implosion of the payments app that raised a record-shattering $25 million seed round, only to deliver "absolutely nothing of value" and spectacularly burn through its entire fund.
Nate Paul’s Rise and Fall: Balance Sheets & Bullsh*t
Nate Paul, the founder of World Class Capital Group, spun a web of nearly 300 LLCs that became a "graveyard of bankruptcies." Let’s look at the collapse of the real estate empire, that was "less balance sheet, more creative writing" for financials, leaving a trail of vanishing assets and millions of dollars in losses.
SBF's Billion-Dollar Side Show
SBF's Billion-Dollar Side Show. We examine how the FTX founder used "Effective Altruism" as a moral disguise for an alleged $8 billion customer fraud, exploring the dangerous intersection of intellectual arrogance and corporate crime that led to an implosion "worse than Enron.
Charlie Javice, Frank, and JPMorgan's $175 Million Lesson
From Forbes' "30 Under 30" to a federal indictment, Charlie Javice's story. As the founder of Frank, a student financial aid platform, Jarvice sold a façade of "over 5 million students" to JPMorgan Chase for $175 million using "synthetic data manipulation," and the spectacular fallout that followed.