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Yep, one of the investors is a guy who has made $25m from investing in similar companies (and ran his own). Scamming institutional investors isn't unusual. I k
by hogFeast 7y ago
Yep, one of the investors is a guy who has made $25m from investing in similar companies (and ran his own).
Scamming institutional investors isn't unusual. I know the lead investor on the deal is one of these PE/VC bubble firms that sprung up in the last ten years. But there are people involved who are definitely not stupid.
Also, the company is most certainly not a scam. Again, I heard about them years ago, and they have a legitimate business selling to consumers (i.e. it is fairly straightforward to check if the business exists).