My general feeling is that no one involved really wants to know how the sausage is made. Recent events have highlighted Saudi Arabia as a major investor and tha

My general feeling is that no one involved really wants to know how the sausage is made. Recent events have highlighted Saudi Arabia as a major investor and that's caused more focus but deep down I don't think engineers, executives, VCs and everyone involved is really committed to getting the most transparent view of money flows. Because at the end of the day it means less money overall. I think regulation would have to come into play to enforce transparency, do firms disclose their largest investors when filing an S-1? Even if they do, is it possible to get down to the root of each dollar? Shell companies exist for a reason.