Numlock Sunday: Kim Bhasin on a sprawling SaaS scam

By Walt Hickey

Welcome to the Numlock Sunday edition.

This week, I spoke to Kim Bhasin who wrote The Tech Fashion Darling Accused of Swindling Investors Out of $300 Million for Bloomberg. It’ll be in Numlock tomorrow, but I thought it was so good Kim should come on this weekend.

We spoke about an absolutely fascinating scheme that preyed on the investor biases and frothy enthusiasm of the SaaS era of Silicon Valley startups, and how a founder is alleged to have orchestrated a scheme that squeezed $300 million out of investors.

Bhasin can be found at Bloomberg.

This interview has been condensed and edited.

You are the feature writer behind a brand new and exciting feature on Bloomberg called “The Tech Fashion Darling Accused of Swindling Investors out of $300 million.” I know that you’ve been working on this for a very long time.

I have and it has been quite a journey.

I’m super excited to hear about it. Before we get too deep into it, why don’t you tell folks a little bit about what the st…