Introduction Transparency of Startups - A Topic of Discussion Again in the World of Technology Transparency of startups has once again become a topic of discussion in the world of technology. Roy Lee, who is the co-founder and CEO of Cluly, recently confessed that the revenue figures that he had shared with the public last year were not true. Earlier, the company had claimed that they had an annual recurring revenue of $7 million, but this figure, according to Roy Lee, was not true. His entry gave rise to various discussions about startup marketing, viral growth, etc. Roy Lee withdraws $7 million ARR claim Roy Lee posted on X that the $7 million ARR figure he previously reported was incorrect. In the post, he described it as the only intentionally dishonest statement he had made publicly online and issued a formal retraction. Lee reported that the number was mentioned during a conversation with a reporter and said that he did not expect the discussion to become a published article. How...