4 ms·
Yes, it is common to basically ask for funding until the last minute. The fact that Fortress already gave them some funding, at arguably the "last minute" is e
by jjallen 9y ago
Yes, it is common to basically ask for funding until the last minute.
The fact that Fortress already gave them some funding, at arguably the "last minute" is evidence of this.
Fortress, you will note, was probably more of a vulture investor than venture investor here.
- verandaguy_alt 9y agoI haven't heard of vulture investors before. Is this just someone who aims to profit from an eventual asset sale (somehow)?
- celticninja 9y agoI think it is someone who comes in late, when the company is already in trouble and uses this to leverage a preferential deal.
- deleted 9y ago[deleted]