3 ms·
>If they have to give it back, will they have to take on even more funding from a VC at even worse terms? ... I think they are far more worried about being ref
by bilbo0s 7y ago
>If they have to give it back, will they have to take on even more funding from a VC at even worse terms? ...
I think they are far more worried about being referred at this point. Who cares if you have try to pay back ICO investors? As long as you can stay out of prison, any terms are good terms. I suspect a good many people at Kik will be losing property they own, because this will definitely pierce the veil so to speak. But at times like this, only losing personal cash and property is a win in my book.
- jdsully 7y agoKik is a Canadian company, and based upon most Canadian business owners I know their personal assets are most likely off-shored in one of the popular Caribbean islands used for this purpose. Tax evasion is rampant here.
- mrosett 7y agoWhy do you think this will pierce the veil? I don’t know the rules around that.