u/RobSteinsVoice wrote (the comment Michael replied to):
>So there isn't a single experience we can summarize. but despite that you proudly and prominently list dollar figure outcomes on your website, which are seemingly not externally audited at all. Any independent CPA firm would be happy to look at your data and attest that the num
u/michaelnovati replied · ★ FEATURED
Thanks, point taken and thanks for the feedback, very much appreciated!
I normally just tell people to do their homework and talk to people about Formation (both for experiences, but also because you need to know what you are getting into). Sometimes people are even still concerned because they haven't heard any red flags and generally hear anything from good to amazing things. To make that list I literally just went to an internal chat channel and typed out the last 20 logged accepts, very simple, no report, not audited.
So we are doing ourselves a major disservice if we can't communicate the outcomes properly so that people believe them.
Once again thanks u/RobSteinsVoice the feedback!
EDIT: regarding the cost of an audit. We are a company backed by one of the top investors in the world, Andreessen Horowitz, and we have fairly expensive lawyers, accountants, etc... so it's not a few hundred dollars. The biggest cost would be in our team's time to work with equivalently top tier auditors to do a thorough and proper job.