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There are many things that you are not a position to verify if you are an investor. On the top of that, there is a huge difference between misreporting your num
by StreamBright 10y ago
There are many things that you are not a position to verify if you are an investor. On the top of that, there is a huge difference between misreporting your numbers versus stating that you are capable of doing something while you know it for sure that are not.
- jacquesm 10y agoInvestors routinely hire experts to do their verification for them, if your experts are not given full access then you should walk. If there is a huge difference in the numbers then it should have been found during the DD, this is one of the most frequently occurring reasons why deals do not go through after the terms sheet has been signed (another one is undeclared security breaches).