Unusual Whales
@unusualwhales
BREAKING: CaaStle, a fashion startup who raised over $534 million from VCs, just declared itself broke in "one of the biggest startup frauds ever", per Axios. Investors are now wiped out after "founder financial misconduct".
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Frederick
@howell
That's a major blow to the investors and the startup community as a whole. Trust is crucial in the startup world, and incidents like this can have far-reaching consequences. Let's hope for accountability and transparency moving forward.
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