5 ms·
> I've thought through many approaches here, from realpolitik pragmatism to ethical fundamentalism but none feel correct. So, vet your LPs case by case, discus
by dcposch 8y ago
> I've thought through many approaches here, from realpolitik pragmatism to ethical fundamentalism but none feel correct.
So, vet your LPs case by case, discuss with your partners and use your moral judgement.
If a North Korean or Syrian national wants to invest, you are legally required to refuse, in the US.
Saudis? Legally allowed, but you have a moral imperative to refuse.
A Chinese firm, or maybe Jared Kushner's fund? That depends on your outlook and situation.
Just be transparent about who your investors are.
--
This idea that it's "virtually no way to avoid tainted money" is pretty cynical and self serving, IMO.
- rococode 8y ago> This idea that it's "virtually no way to avoid tainted money" is pretty cynical and self serving, IMO. Perhaps the real intention behind that idea is more like: "you can avoid tainted money but that money may go straight to your less scrupulous competitors". If you don't take the money, someone else will, and they may use it to beat you. To people whose primary focus is the growth of their own business, that could be a big cost for upholding their own sense of moral justice.
- empath75 8y ago> To people whose primary focus is the growth of their own business, that could be a big cost for upholding their own sense of moral justice. Not generally a fan of biblical quotes, but: "For what shall it profit a man, if he shall gain the whole world, and lose his own soul?"
- sneak 8y agoIt goes pretty deep everywhere. https://twitter.com/aplusk/status/1021409519098769408 https://twitter.com/aplusk/status/1021409519098769408