Hey kids, drugs aren't cool. You know what's cool?

Claiming your revenues are $1bn when they’re apparently about half that number:

The privately owned [Vice Media] does not reveal its financial performance. [Chief executive Shane] Smith said two years ago that revenues had hit $1bn, although it later emerged that this figure included bookings, with the real total recognised revenue being closer to $500m..

That’s from the FT’s story on Vice Media’s latest funding round, $450m from private equity group TPG at a $5.7bn valuation.

This post has been updated to reflect the FT’s amended story.

Related link:
TPG co-founder David Bonderman: Uber exit after sexist quip — FT.com