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they had a large funder which they rejected because the guy was just too hands-off Huh? Doesn't seem logical to me. Too hands-on, maybe, but turning down money
by ScottWhigham 18y ago
they had a large funder which they rejected because the guy was just too hands-off
Huh? Doesn't seem logical to me. Too hands-on, maybe, but turning down money b/c some investor trusts the people he invests in just doesn't make any sense.
As for your query, of course there are huge, huge legal worries here. As a friend once told me, "The IRS is a kitten compared to the SEC. Don't #### with the SEC." Not to mention that no future investor will want anything to do with said company.
- aasarava 18y agoIt makes sense if you're looking for a "smart money" situation where, beyond the investment, you want the experience, guidance, and contacts that the investor has to offer.
- lowkey 18y ago"Don't #### with the SEC." > unless you are a hedge fund, investment bank, or other financial institution working on obscene leverage anywhere from 8:1 up to 30:1. Then the SEC treats you with kid gloves (thinly veiled sarcasm)