Avi Patel (@avipat_) CEO of Kled (@useKled) explains the situation with Luel, says he welcomes competition but larping in Silicon Valley has gotten out of hand:
"You go fund this company run by an 18-year-old that dropped out of Berkeley... that one-to-one ripped off my entire company and then on top of that also is faking their compliance."
"On their user page, which shows the live user count, it was a manual number counter that was going up. It wasn't even like something that was pulled from an actual place."
"50% of their web traffic was from Nigeria... they are manually going out there and bolstering their numbers with Nigeria and actively accepting these fraudulent uploads so that they can look good in front of investors."
"As an investor of Silicon Valley that is supposed to be prestigious and honourable... there is no world in a million years where you should give that company $31 million."
Several of TikTok's leading fraud engineers will be quitting and joining the Kled team in the upcoming weeks.
Our revenue has significantly climbed over the last few days and we will be increasing our engineering team size by 5x over the coming months.
Check all our existing career opportunities on our website: https://t.co/uGsreNlWa1
We have conquered Asia. Over the last few days Kled has hit #1 on the App store finance charts in Malaysia, Indonesia, and Philippines.
We've run a risk analysis on over 400 million data uploads from these regions, and have found these to be some of our highest quality unloaders.
Thank you to all our users out there, and keep uploading great content. We've tripled our payouts for the next 1 week in celebration.