Rahmat Wibowo accused three young Indonesian students of falsely titling themselves CEOs and founders without completed degrees or real achievements, naming them and comparing them to convicted fraudster Gibran Huzaifah, seeking to permanently associate young professionals with criminal conduct.

Ihave the academic records. Three young men in Indonesia's university system. All listed as active students or dropouts. None holding a completed degree. All wearing "CEO" and "Founder" titles on the internet like they earned them. Let me be specific. One is still enrolled in Sarjana Teknik Elektro. One is in Sarjana Informatika. One withdrew from Sarjana PJJ Manajemen in the 2022/2023 semester and never returned. | already know what you will say: "Bill Gates dropped out. Mark Zuckerberg dropped out. Sam Altman dropped out." Yes. And here is what they had before they left: Gates had a working BASIC interpreter and a signed contract with MITS. Zuckerberg had 650,000 active Facebook users before he left Harvard. Altman had already raised $30M from Sequoia for Loopt before becoming YC president. They dropped out toward something. Not away from nothing. ‘The Dunning-Kruger research is clear: the less competent you are in a domain, the more confident you feel. Psychologists call the peak of this curve "Mount Stupid.” It is exactly where a student who has never shipped a product, never filed a legal entity, and never acquired a single paying customer decides to title themselves "Chief Executive Officer.” This is not ambition. This is cosplay. And Indonesia has seen where this leads. eFishery was a $1.48 unicorn backed by SoftBank and Temasek. Its co-founder fabricated over $595M in revenue. Gibran Huzaifah was sentenced to 9 years in prison in April 2026. The ecosystem has not recovered. Investors are now doing forensic diligence on every founder claiming traction they cannot prove. The market is no longer tolerating narrative without substance. To the platforms enabling credential inflation: verify what you amplify. To the investors who funded on vibes: you built this culture. To the ecosystem: the era of the phantom CEO is over. Build something real. Then put the title. Abil Sudarman from ASSAI. Marchel Shevchenko from Data Sorcerers Muhammad Alif Ramadhan from Perfect10 Al ill Gates from Gates Foundation Mark Zuckerberg from Meta Sam Altman from OpenAl #Startupindonesia #GenZ #Entrepreneurship #Dunningkruger #Credentialinflation #eFishery #PhantomCEO #Techindonesia #Accountability #Leadership #StartupEcosystem #infraloka