GoMechanic cooked the books 😐

Sadly, not the first one to do it and won’t it be the last.

Sigh

High incentive to bloat metrics, suck up venture capital and edge out rivals.

The smart founders know how to not to let it catch up with them.

Sequoia seems to put extraordinary pressure on founders and companies? Or maybe they lack proper process or due diligence. Could be that they are more into non useful metrics than ARR and cash in the bank

Strange thing is why are Sequoia backed startups facing this only in the past 1 year or more. Bharat Pe, Trell, Zilingo and now Go Mechanic.How can such a big Fund make such a mistake again and again about not looking back on the finances after funding the startup.