Mark Smith
Steve Papermaster & Agillion losses
Mark Smith : 26 February 2022 1:58:34 PM
More content available at: https://www.stevenpapermaster.com/en/home
Steve claims to be a technology entrepreneur and public policy expert who is highly experienced in founding, growing and funding innovative technology companies around the world.
Steve even has sat with distinguished peers on Ernst & Young's EY Entrepreneur Of The Year Global Alumni Council panel.
Despite this, others say Steve Papermaster is a fraudster?
Others still say effectively that Steve Papermaster is in effect:
<a href="http://ezh.f6b.myftpupload.com/wp-content/uploads/2022/02/Bankruptcy-trustee-claims-Papermaster-other-Agillion-execs-squandered-assets-Austin-Business-Journal.pdf" target="_blank" rel="noreferrer noopener">incompetent</a> and had "<a href="http://ezh.f6b.myftpupload.com/wp-content/uploads/2022/02/Bankruptcy-trustee-claims-Papermaster-other-Agillion-execs-squandered-assets-Austin-Business-Journal.pdf" target="_blank" rel="noreferrer noopener">squandered assets</a>".
Specifically, Papermaster and 5 other executives had, according to U.S. Bankruptcy Trustee Marsha Milligan (participated in):
... spending sprees that bankrupted one of the most well-financed and well-known high-tech startups in Austin.
... breach of fiduciary duty, gross negligence and waste after they"irrationally squandered Agillion's assets" ...
... burned through more than $60 million in less than three years.
.... At its zenith, the company employed about 125 people ....
... "Their revenue was so inconsequential that management never recorded a single dollar in revenue in their internal bookkeeping" ...
Despite the poor performance, ".... management (i.e. Papermaster) increased their wasteful spending" ....
Despite earning only a "few hundred dollars.... " .... opened an office in Australia, which closed six months later.
... entered into a $13 million, 10-year lease (which was) "lavish and unnecessary."
Tripled the size of its workforce only to lay off many within months.http://ezh.f6b.myftpupload.com/wp-content/uploads/2022/02/Bankruptcy-trustee-claims-Papermaster-other-Agillion-execs-squandered-assets-Austin-Business-Journal.pdf
Is Steve incompetent?
What do you think? send us your thoughts:
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More on Steve:
Contact details:
Mobile / cell phone: +1 512 6574248
Email/s: steve@nanovision.com or
sp.confidential@nanovision.com
Linkedin: https://www.linkedin.com/in/stevepapermaster
Whatsapp: +1 512 6574248
Twitter: @spapermaster
Hashtag: #whoisstevepapermaster
Birthdate:
27 September 1958
Signature:
To see other career highlights - view Steve G Papermaster's profile page.
To see other Associated Companies of Steve G Papermaster's see his Associated Companies page.
To see Associated Colleagues of Steve G Papermaster's see Associated Colleagues page.
Do you know who is Steve Papermaster?
#whoisstevepapermaster
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