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There seems to be quite a few people in here looking to join a startup.
We're a mature aerospace impact startup (in Switzerland) pre launch for a new platform to engage and empower passangers in order to accelerate sustainability in aviation. Our product website is www.adaption.me and company website is www.optimaero .ai.
If you're interested in joining us, and you think you have skills that suit our business, you could drop me a speculative application by email at hello@OptimAero.ai.
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No. Here’s why: When you start a company off on the right and proper foot, it is so much easier to just keep doing that. If you start not following procedures, it will be that much harder to do them down the road. I can get the idea, you just want to get started, and then you’ll do everything right, but I think that is so much easier said than done.
Subject Expert
Yup.
Sports analogy - if you take steroids, get crazy investments/contracts and then someone later cries foul when you swim in money - do you care?
the penalty isn’t always prison. it can simply be a fine, or a warning.
if it’s a monetary penalty but you have a bigger upside, then it’s not a big deal
if it’s going to result in someone dying… well… better have a big upside
No. Here’s why
Assume you get traction. Assume you get huge. Even if you did everything right, plenty of lawsuits will still find their way to you at that point
But nonsense lawsuits and workaday lawsuits are defendable.
But if you’ve been non compliant with regulations? between fines and civil suits, you’ve opened a vector for an existential threat to your newly-successful business and your own personal future. FTC, CFPB, and all the rest will not only bury you and your business, but good chance you personally will still owe them huge amounts of money until the day you die. And that doesn’t even get into non-U.S. regulators and what they do
Great question. Makes you question your own morals and ethics.
Breaking rules initially to get results sometimes pays off and other times it doesn’t. I would way my options pros and cons.
I’m a by the book kind of person. So for me it’s not worth the potential negative results..ever.
Subject Expert
It’s like the line between lie and white lie. It’s a little different for everyone perhaps.
I wouldn't. I'm very risk-averse and this seems dicey at best. Fundraising won't get you far if you get slapped with massive fines or prosecuted.
Subject Expert
Definitely a risk vs reward situation. Not worth it in my opinion.
These all lack context and there's a spectrum of compliance risk that is less serious - I think a use case may be helpful to ground the conversation otherwise it's people projecting
Subject Expert
This is a good point
I’m not a by-the-book person. But this question can’t be answered until you know what compliance issues you’re not, pardon the pun, complying with. What kind of non-compliance are we talking about? Non accredited investors? Stretching the truth in an OM? Getting funds from Iran?
Subject Expert
True. There’s a wide range of non-compliance
lol I feel like people are trying to train AI with these posts ... and/or C1: you've clearly never been in a leadership position or seen how big organizations run because "No. here's why" and your follow up response lacks mature perspective in so many ways
mature = gotten quality reps in a position that allows visibility within an organization(s) that is highly regulated that would yield a different response
Literally so easy to see ... lemme get this straight, you're in a startup in a highly regulated industry but have no prior experience in it ... seems ... questionable (in terms of probability of success let alone framing the theory of the problem)
lol k fam - best of luck flailing pretending to problem solve ... God speed