Crichton says that Silicon Valley needs a new transparent approach toward information, but also need to understand that startups are inherently risky – and accept the lies that come with them. Founders can’t expect to hide the term sheets and their liquidation preferences from employees who ask and informed employees have a right to know what they are getting into. "We still need that Big Lie to function. We still need to dream about the possibility of success in order to realize it," concludes Chrichton. "With greater transparency comes a responsibility on the part of everyone in the startup ecosystem to understand and empathize with the plight of founders trying to build their companies."