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AI startups are inflating a key revenue metric to win VC attention, says this founder

Fast Company 24 April 2026 10h ago
AI startups are inflating a key revenue metric to win VC attention, says this founder
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Thousands of AI startups are fighting for the VC funding needed to win a slice of the enterprise market. But according to Scott Stevenson, cofounder and CEO of the legal AI startup Spellbook , many are inflating their real revenue to get it. In a viral tweet on April 17, Stevenson called out these fledgling companies for perpetuating a “huge scam” in their metric reporting. It’s time to expose a h
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