> "We are going after a 100 billion dollar market"
IANAL - That doesn't sound like fraud to me.
A highschool athlete saying 'they are going after attending the Olympics' isn't lying. A highschool athlete without Olympic experience saying 'they won a gold medal at the Olympics is lying.
The difference is that athlete actually has a plan to at least try for the Olympics, and could conceivably get to the goal.
The 100 billion dollar market will never be conquered by one company, and the pain point they are trying to solve often only applies to 1%-10% of that market and they know that, or they're BSing themselves.
Nah that's just like "your opinion, man" regardless of how realistic it is. That isn't fraud.
Saying something that happened or that exists that is also an untrue statement is required for it to go from opinion to fraud. Support your opinion with falsehoods to get a sale. Fraud? Talk about goals of being a trillion dollar revenue lemonade stand? Go nuts.
Don't most startup founders fraudulently inflate the value of their startups?
"We are going after a 100 billion dollar market"
Yeah right ... only a tiny fraction of that market wants your product.