4min chapter

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HeadSpin accused of $80M fraud, housing startup irks NIMBYs + Not Boring’s Packy McCormick | E1272

This Week in Startups

CHAPTER

Slash Twist, Get a Thousand Dollars Off Your Sock Too.

Suresh Lakani is the founder of vanta, a company that helps start-ups get their finances in order. He has been accused of defrauding investors out of $55 million by inflating headspin's annual reoccurring revenue. Suresh explains why he thinks board members may have known what was going on and did nothing about it.

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