HACKER Q&A
📣 notabanker

What are some black arts used by founders?


I'm hoping this to be a funny-but-it-somehow-works thread of tactics.

Of late I've seen product creators declare staggering (unverified) revenues for their side-projects and make it to the front page of HN.

I've also seen people get keynote talks due to staggering user and revenue numbers they declared. Yet nobody seems to have asked for verification of their numbers.

Can you share examples of unwholesome tactics used by founders that got them results?


  👤 muzani Accepted Answer ✓
Set aside a marketing budget, and then basically sell the $10 item at $9, justifying that the $1 difference is marketing.

Have a marketplace. Buy $100 of goods from users selling stuff. The $100 is a marketing expense. Add $100 to GMV.

Have 5k users on Android, 3k on iPhone, 8k on web. Add them up to show the product has 16k users.

Raise money from an angel who owns a conglomerate. The angel forces all his businesses and people working in these businesses to adopt the app that others wouldn't otherwise trust. Use these totally legitimate clients to create glowing testimonials.

As an early stage investor, instead of putting a lump sum into the account, create a dummy company (or several) for the purpose of feeding cash into the startup. When you're raising money, just sign off half a million dollars of consulting fees to show that the startup is making money.

Create a review site targeting the users. Write a glowing review about how amazing this app is. Share it to gullible Facebook groups.


👤 arduinomancer
“AI” startups that are actually just linear regression/random forest as a service

👤 andrefuchs
Talking about revenue without one word about profits.