I once shared office space with a quickly-growing startup in downtown Chicago. This company seemed to be printing money, and they spent it accordingly. They had one of the most prestigious office buildings, free meals for employees, a company barista, and yoga classes on Tuesdays.

Everyone in the city was enamored with this company. They were on the front page of the Tribune, the mayor came by to speak to them, and their founders made a big deal about the strength of their culture.

A few years later, the founders were indicted for defrauding investors based on deceptive sales practices…

Karl L Hughes

Former startup CTO turned writer. Founder of Draft.dev

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