Background Info:
I am a coder at an angel backed startup.. we have a couple paying customers and a handful of full time employees including a few founders. I started a few months ago after i saw an ad for the job, I did not know the founders previously, the company has been around for about 2 years. We sell software to fairly large corporations.
Ethical Dilemma:
The past couple weeks, I have overheard the founder of the company exagerrate/lie about key facts of our company to potential customers. ie. claiming that we have 20 customers worldwide. claiming the we have multiple offices. and 2-3 times the employees that we actually have. claiming that certain parts of the software are in use by other customers when these parts have never been used in production.. not positive about this but possibly misrepresenting investment incoming money as sales in financial due diligence documents or at least not going out of his way to make it clear that thats where incoming money is coming from.
I understand why he is doing this, because the kind of companies we deal with do not want to take the risk of working with an unproven brand new product.. but it seems wrong. Clearly unethical, but is it illegal too? Could people go to jail for this kind of thing? ( This is in the USA )
What would you do if faced with this situation?
But seriously, it's a no win situation for you. People will say a lot of things to close a deal, and even more to make payroll.
So either your founder is: 1. Desperate and willing to say anything, which means you might want to be cautious about the general health of the company 2. Just a sneaky and over the top exaggerating salesguy (ok, a liar) because that's the only way he know's how to sell. A shame, but you'd be surprised what salespeople will do to close a sale. 3. Has a 'corvette' complex. His lies are not about what amazing things his product will do and how it will transform the customers business, which is more common for a salesperson to 'embellish'. Instead, it's about how big and successful his company is.
If the company isn't healthy, and he's desperate, I'd figure out a way to either help or bail.
If the founder is just a liar, I'd go elsewhere. The thing about liars is they lie about everything, sometimes for no reason about absolutely trivial things. Life is to short to be around them. And the saddest part is that his customer might be looking for a nice, small company who really wants their business and will jump through hoops to get it as they would be a highly valued customer, not just one of many.
If it's the 'corvette' complex then run. He's starting a company to prove something to the bully in the playground.
And the bully is probably mowing lawns for a living.