An anonymous reader quotes a report from Forbes: The CEO of a startup that sold fraud prevention software is facing fraud charges after he was arrested Thursday by the FBI in Las Vegas. Adam Rogas, who abruptly resigned from NS8 earlier this month, is accused of misleading investors who poured in $123 million to his company earlier this year, a deal…
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Investors Tell Indian Startups To ‘Prepare For the Worst’ as Covid-19 Uncertainty Continues
Just three months after capping what was the best year for Indian startups, having raised a record $14.5 billion in 2019, they are beginning to struggle to raise new capital as prominent investors urge them to “prepare for the worst” and cut spending. From a report: In an open letter to startup founders in India, ten global and local private equity…