4 ms·

Can people under the age of 21 even sign term sheets? I apologize for my ignorance, I'm just unsure of the wisdom of someone seeking VC funding before he can si

• yardie 16y ago
  Contracts aren't enforceable unless they are over 18. This is where the parents come in as a proxy. Anyway, most of these uberkids have the same story, mom or dad is a VC or SV entrepreneur. The kid relies on family connections to get their idea out there and raise capital. Rinse and repeat. I'm not saying it as a bad thing, but stories like this tend to read like the NYTimes lifestyle sections.
  • shareme 16y ago
    Yeah, but did you notice the kid in charge of TechKids(?) finally is repairing is damage to his name for his TC debacle(ipad for article) and is starting again to get press for his efforts.
    • yardie 16y ago
      kid? He's already 20. Anyway, he now has to build his business up the old fashioned way, going out and making contact. Whether people will remember him from his TC days is a different matter.
    • mistermann 16y ago
      Backstory, anyone?
      • yardie 16y ago
        You can catch up on it here: http://www.aolnews.com/2010/02/05/tech-site-apologizes-for-conflict-of-interest-again/ http://www.aolnews.com/2010/02/05/tech-site-apologizes-for-c...