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Most Company Projections Are Unreliable
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"What percentage of the projections that a company gives you is full of shit? 99% of the time it's bullshit."
Eric Newcomer@EricNewcomerSep 22
the top VCs we surveyed anonymously said that true fraud among startup founders was low... but they had lots of concerns about fuzzy metrics / and they found forward projections to be almost universally inflated
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