The US Department of Justice has indicted Albert Sangier for defrauding investors with misleading statements about his Nate financial technology platform. Founded by Sangier in 2018, Nate claimed it could offer shoppers a universal checkout app thanks to artificial intelligence. However, the indictment states that the so-called AI-powered transactions in Nate were actually completed by human contractors in the Philippines and Romania or by bots. Sangier raised more than 40 million from investors for the app. This case follows reporting by The Information in 2022 that cast light on Nate's use of human labor rather than AI.

The "do not regulate" category was formed from responses to questions about regulating Uber, how the gig economy should be structured, whether it is too hard to fire workers, and the general proposition of whether "government regulation of business does more harm than good," as well as specific questions about regulating drones, self-driving cars, and internet companies. For example, 80 percent of tech founders think economic inequality is fine if it means the economy grows faster and 75 percent of tech founders think labor unions should lose influence. "They look like Republican donors when we ask them these questions," said David Broockman, a Stanford Graduate School of Business professor who coauthored the study with fellow academic Neil Malhotra and journalist Greg Ferenstein. And yet, when the researchers asked the tech founders about taxation and redistribution policies, they expressed major support for things like "universal healthcare, even if it means raising taxes," increases in spending on the poor, and taxes on high-income individuals. If tech founders had their way, government regulation might not stop you from financially falling through market action, but it'd bounce you back up.

Nothing in the world can replace the wisdom that exists in books. Whether you love paper copies, download books to your e-reader, or listen to books on tape in the car, reading remains the best way to learn and grow. As a tech entrepreneur, you want to learn from the best. Countless entrepreneurs have launched startups before you, and this is not the time to go it alone and try to lone-wolf it. Some of the best tech founders in the world have written books imparting years of wisdom so that someone else just like you can learn from their mistakes.