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Ethics & accountability · Calling out concerns to leadership

You sit on a portfolio company's board and start to suspect the founder is inflating ARR by counting non-binding letters of intent as signed contracts in the numbers reported to your fund and co-investors. How do you escalate?

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I treat this as a fiduciary matter the moment it's more than a hunch, because I owe a duty of care to the company and my fund is relying on those numbers.

The full answer: structure, worked example, likely follow-up.

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