Nobody cares about made up quotes or user testimonials.
The Reddit founders made fake accounts to create the illusion of community in the early days.
The Reddit founders made fake accounts to create the illusion of community in the early days.
That said, fake accounts on social media are legal. Fake testimonials aren't.
Reddit is one random success story and not indicative of whether something is ethical, where it concerns investors, or whether it's a good idea for a SaaS (a completely different model from Reddit).