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> notice how they always force the company they are investing to pay legal fees (i.e. take it immediately out of the LP's new investment) This always left a ba
by dkersten 7y ago
> notice how they always force the company they are investing to pay legal fees (i.e. take it immediately out of the LP's new investment)
This always left a bad taste with me
- gumby 7y agoI had an investor who had breakfast with me twice a month. He always picked up the tab. Then the firm (with a billion+ fund) sent the company an invoice every quarter. I had lunch with him the other day (before lockdown) and he paid. I’m no longer at that company so I wonder who might be billed.
- sgrove 7y agoYou're saying the firm retroactively invoiced the company for the lunch the investor had (and ostensibly paid for) with you?
- gumby 7y agoYep, I assume he used his company card. What really got me is that breakfast at hobee's was something like $15 for the two of us. Crazy!
- dkersten 7y agoWow, that's kinda scummy.