3min chapter

This Week in Startups cover image

Billy McFarland on Fyre Fest fraud, failure, hacking, & the long road back | E1730

This Week in Startups

CHAPTER

The Importance of Honesty and Trust

In the four years of Surpin Jail, I served 10 months in solitary confinement. And there was a point in that 10 months where it's like, what am I actually most sorry about? When I started lying, I brought more investors in. People who may be invested because of the lies. Then I realized when everything failed, their biggest loss was not the money. Their biggest loss was to trust that I violated. That makes me sickest today. But I feel like I will finally be able to look them in the eyes when I pay back the trust - which is way harder than the money.

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