How GoMechanic Cheated Investors For ‘Growth At All Costs’
With confessions of revenue fraud and layoffs impacting 70% of its workforce, GoMechanic is the latest Sequoia-backed startup to come into the limelight for such discrepancies
As investors have called for a forensic investigation of its financials, and with the founders likely to be asked to step away, the company’s future hangs in the balance
The admission by the founders after misleading investors for years by showing fake numbers raises questions about the wilful fraud. Investors believe this puts the reputation of other startup founders at risk
The story of GoMechanic sounds familiar. A tech startup looks to disrupt an
