In isolation, no one will fall for this. But if there are other fraudulent data (users, revenue, etc) being shared then number of open jobs implies business is scaling and needs funds.
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Boss is making me add 23 fake jobs to our careers page before fundraising so that when investors come across it they have believe that he knows more about the space and what he needs than he really does. They were all ChatGPT. Please tell me investors don’t fall for this shit.
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You can probably figure out what the founder is saying by the kind of jobs you are adding. That being said, I’ve heard companies keep jobs open to communicate externally that they are doing well.
It’s a solid way of looking at it. Real users (early access) I believe are in the hundreds but they’re stating it’s over ten thousand. Jobs are top tier positions demanding high salaries, but the companies pre-launch and pre-revenue. Wild!
VCs aren’t angels either. They try their best to undercut valuations to get a better deal.
It’s a small contracting gig i’ve only just started but I’ll provide the gloves nonetheless. or no gloves! haha
I worked for a startup like this - they would hire/fire on a 2 month cycle to make it look like they were growing
Once upon a time I designed some hay fever spray packaging. I suggested that some customer testimonials would be helpful. 5 minutes later they had arrived in my inbox. When I asked where they had come from I discovered another side to that job.
Know this all too well. If you don’t have users, you can create them, if you need reviews, you write them, and if no one wants to sign up to your waitlist — just say you have 2000, it’s all good!
In many places this is illegal, especially if it's being done to mislead investors (i.e. fraud).
