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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:


[hubspot type=form portal=4799618 id=ed142ca3-c9d0-4027-bd18-c14858ac51b5]

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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