4 ms·
I am not speaking about this case in particular, because I have no idea what happened, but in general things like this must happen all the time even if the show
by inputcoffee 10y ago
I am not speaking about this case in particular, because I have no idea what happened, but in general things like this must happen all the time even if the show is "authentic."
I think a lot of diligence and deal details have to be worked out. They ask who else own shares but they don't even go through a cap table.
I know the sharks have been disappointed when entrepreneurs turned out not to be "serious" and just show up for exposure.
This person may have been scammed, but it is also possible that one red flag ended the diligence. ("Wait? how much debt?!")
The thing that remains a mystery is this follow up episode. But that makes no sense on both sides. How do you get pressured to do a follow up episode if you never saw an investment?