Fraud
topic on 11 shows · 13 statements across 13 episodes
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the a16z Podcast 
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20VC
13 statements about Fraud, every show
Strange: Emerging market startups must build full-stack due to missing modular infrastructure
“Unlike in the U.S., where you can get everything as a service, At every layer of the stack. In many other markets, including Latin America, you just can't do that. There's no sort of, ah, fraud as a stack, KYC as a stack. So you end up having to build everythi…”
Collison: Using a card with a new email increases fraud risk 60%
“For instance, if we see a card being used with a new email address, The very newness of the email address is a suspicious fact, with a 60% higher likelihood of fraud.”
Lutnick: US government will target $1T in annual fraud next year
“The next year you're going to see this government attack fraud. And the fraud is probably a trillion dollars a year of people who just have figured out how to rip off the system.”
In-house cash-flow underwriting restricts Brigit's fraud to under 20 basis points
“The underwriting and the fraud tools that we, we've built all in-house, combined with the data that we use, again, only cash flow, help us restrict fraud to well under, the way we would define it, under, it was 20 bips of all our losses.”
Chamath: Stablecoin payment rails will accelerate GDP and cut fraud
“I think a set of stable coin rails that makes payments instantaneous and costless is an enormous acceleration to GDP. It would cut fraud.”
Lieberman: Fraud Is Defined by the Potential Harm of Founder Dishonesty
“The extent to which something is fraud is basically What is the possible damage that is created by not telling the truth?”
Kann: The historical voluntary carbon market suffered from vaporware and fraud
“Yes, there has been an enormous amount of vaporware and even some fraud in the historical voluntary carbon market.”
Lessin: Board firings for 'lack of candor' usually indicate fraud
“Usually when a board issues something like that, there's fraud, there's something.”
Lemkin: Every venture capital firm has a fraudulent company in its portfolio
“And every VC has a fraud in their portfolio. Every single VC has a fraud in their portfolio.”
PayPal lost tens of millions per quarter to fraud in mid-2000
“And so by mid June, I think I was starting to sort of become aware of the fact that we're probably losing tens of millions of dollars to these fraudulent activities per quarter.”
Rice: Collecting a paycheck without doing the work constitutes fraud
“To me, it's fraudulent if you're supposed to be working and you're not. And I think that's why it's really important to have technology and ways to track the performance of your employee. If someone's supposed to be Working in a call center calling 50 differen…”
Shirley: Fiat and crypto conflict over transaction reversibility, enabling fraud
“That the traditional fiat world of finance and the crypto world of tokens, they do not play nicely with each other. One of them has a presumption that every transaction is undoable. The other has the presumption that no transactions are undoable. And that open…”