Ballmer Blasts Founder He Backed

Former Microsoft CEO Steve Ballmer expressed deep disappointment and a sense of being misled regarding Joseph Sandberg, a founder he had invested in. Sandberg recently pleaded guilty to fraud charges. Ballmer detailed the significant harm he has suffered as an investor in a letter submitted during Sandberg's sentencing. The situation highlights the risks associated with venture capital and the potential for betrayal even when backing individuals.