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Notice the lack of the brand-name investment firms, or even a prominent angel. They don't name many names, but this seems indicative of the investor profile Oom
by prostoalex 6y ago
Notice the lack of the brand-name investment firms, or even a prominent angel. They don't name many names, but this seems indicative of the investor profile Oomba was after
> Around 20 members of the golf club invested. Several brought in family and other friends. The finance guy got his ex-wife involved. Some people didn’t have the savings necessary to be accredited investors, but Williams helped “fudge” the paperwork, as one person put it.
- pnathan 6y agoI did catch that... but.... I am sure that there's a whole number of investments that aren't brand-name that take place. But, then it made me wonder about the con-jobbiness of it all. Targeting unsophisticated investors, seems like.
- icedchai 6y agoSure, but if they're not accredited, they don't have much money to invest. "Accredited" is a relatively low bar for anyone thinking about putting money into a private company. He'd need a lot more than 20 of those guys to raise $35+ million.