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Cluely CEO Roy Lee admits to publicly lying about revenue numbers last year

Julie Bort
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⚡ Quantum Brief
Cluely CEO Roy Lee publicly admitted to fabricating $7 million in annual recurring revenue during a 2025 TechCrunch interview, calling it his "only blatantly dishonest" public statement. Lee falsely claimed the misleading revenue figure stemmed from an unsolicited call, but records show his PR team proactively arranged the interview, contradicting his narrative. Cluely gained notoriety in 2025 as a viral "cheat-on-everything" tool for covertly searching answers during video calls, securing $5.3M in seed funding after its founders were suspended for creating interview-cheating software. Despite raising $15M in a 2026 Series A, the company pivoted to AI meeting notes, with Lee acknowledging that viral marketing alone couldn’t sustain growth—yet he later violated his own advice by disclosing unverified Stripe metrics. The scandal underscores risks of hype-driven startups, as Cluely’s aggressive tactics and revenue deception erode trust amid its rebranding efforts.
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The $7 million in annual recurring revenue that Cluely co-founder and CEO Roy Lee shared with TechCrunch last summer was a lie, Lee admitted on Thursday on X. Wrote Lee, this “is the only blatantly dishonest thing i’ve said publicly online, so this is my formal retraction.” Yet his post on X also misrepresents the backstory of how and why he told TechCrunch his ARR in the first place. Lee says in that same post that he “got a random cold call from some woman asking about numbers and told her some bs, did not expect an article about it.” But that call occurred because Cluely’s public relations representative emailed TechCrunch and offered to make Lee available for a story. On Friday, Jun 27, 2025 at 8:38 a.m., Cluely’s PR person sent an email to TechCrunch reporter Marina Temkin that said, “I’d love to arrange an interview with Roy. Whether for a deeper dive into Cluely’s next phase or a fresh angle on his vision, we’d be happy to make it happen.” Temkin agreed. The PR representative shared Lee’s number and confirmed that he was expecting the call. After a few attempts to reach him, Lee answered the call and gave the interview, as had been arranged. eh kinda, here's our stripes from june 2025got a random cold call from some woman asking about numbers and told her some bs, did not expect an article about ithere's what we were doing at the time:> consumer arr 2.7m, run rate 3.8m> enterprise arr 2.5m, run rate 2.5m>… https://t.co/CzAoPRru2R pic.twitter.com/C5bXuz8HqW— Roy (@im_roy_lee) March 5, 2026 TechCrunch was interested in talking to Cluely because in the summer of 2025, Cluely was the “cheat-on-everything” phenomenon — a viral startup that let users secretly look up answers during video calls without being detected. The company was founded after Lee published a viral post on X saying he had been suspended by Columbia University after he and his co-founder developed a tool to cheat on job interviews for software engineers. The co-founders raised $5.3 million in seed funding from Abstract Ventures and Susa Ventures for Cluely, intending to commercialize the tool that got them suspended. It was positioned as allowing online interviewees (or anyone) to secretly look up answers to questions without detection. For a while, it seemed like Cluely would become so successful that it would spawn a counter-industry of detection tools designed to catch people using it. Techcrunch event Disrupt 2026: The tech ecosystem, all in one room Your next round. Your next hire. Your next breakout opportunity. Find it at TechCrunch Disrupt 2026, where 10,000+ founders, investors, and tech leaders gather for three days of 250+ tactical sessions, powerful introductions, and market-defining innovation. Register now to save up to $400. Save up to $300 or 30% to TechCrunch Founder Summit 1,000+ founders and investors come together at TechCrunch Founder Summit 2026 for a full day focused on growth, execution, and real-world scaling. Learn from founders and investors who have shaped the industry. Connect with peers navigating similar growth stages. Walk away with tactics you can apply immediatelyOffer ends March 13. San Francisco, CA | October 13-15, 2026 REGISTER NOW In June, Cluely raised a $15 million Series A from Andreessen Horowitz. By then, the company had mastered the art of creating provocative content designed to go viral using stunts to keep Cluely in the headlines and attract new users. The strategy was the talk of the town. Lee even discussed how successful rage-bait marketing tactics were for gaining early customers at TechCrunch’s 2025 Disrupt event in October. He declined to share updated revenue numbers at that time, but he did indicate that marketing alone, when a product is still in flux, isn’t enough to build a sustainable business. “What I’ve learned is you should never share revenue numbers,” he told the Disrupt audience. Cluely has since rebranded itself as an AI-powered meeting note-taker. But in admitting the lie on Thursday and posting numbers from his Stripe account, Lee appears to have forgotten his own advice. Topics Apps, cluely, due diligence, Startups, TC Julie Bort Venture Editor Julie Bort is the Startups/Venture Desk editor for TechCrunch. You can contact or verify outreach from Julie by emailing julie.bort@techcrunch.com or via @Julie188 on X.

View Bio June 9 Boston, MA Actively scaling? Fundraising? Planning your next launch?TechCrunch Founder Summit 2026 delivers tactical playbooks and direct access to 1,000+ founders and investors who are building, backing, and closing.Register by March 13 to save up to $300. REGISTER NOW Most Popular Jensen Huang says Nvidia is pulling back from OpenAI and Anthropic, but his explanation raises more questions than it answers Connie Loizos Anthropic CEO Dario Amodei calls OpenAI’s messaging around military deal ‘straight up lies,’ report says Amanda Silberling ChatGPT uninstalls surged by 295% after DoD deal Sarah Perez Users are ditching ChatGPT for Claude — here’s how to make the switch Lauren Forristal MyFitnessPal has acquired Cal AI, the viral calorie app built by teens Julie Bort Anthropic’s Claude reports widespread outage Ram Iyer The trap Anthropic built for itself Connie Loizos

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