The influx of money into Silicon Valley and the reduction in due diligence create an incentive for founders to misrepresent the truth to secure capital.

“this problem is only going to get worse and so I think we as an industry just have to realize that there's going to be an incentive to lie there's going to be an incentive to stretch the truth and it's because of the amount of money that's available and yes the lack of diligence that's happening”