3 ms·
In this case, they were requiring 10%(!) of the investment as a kick-back. Another interesting feature: there are plenty of 'funding advisors' that can help co
by vtail 15y ago
In this case, they were requiring 10%(!) of the investment as a kick-back.
Another interesting feature: there are plenty of 'funding advisors' that can help connecting you to a right VC[1] for a fee, typically a few percent of the funding.
Kick-backs are also typical if you are a mid-size company a need to get a commercial loan.
[1] They all claim to have connections to some government-backed VC funds such as government-backed Rusnano or Russian Venture Company.
- bh42222 15y agoAnother interesting feature: there are plenty of 'funding advisors' that can help connecting you to a right VC[1] for a fee Same in the US. I think Massachusetts might have a law against it? But as another Eastern European currently in the US, I agree with you and know what you are trying to say.