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Not without taxpayers receiving equity. And not without restrictions. I’d like to know if the startups were forced to bank as a requirement of accepting fundin
by johnbellone 4y ago
Not without taxpayers receiving equity. And not without restrictions.
I’d like to know if the startups were forced to bank as a requirement of accepting funding. That dumb shit needs to be fixed.
- whodidntante 4y agoI know from personal experience that you were "coached" to do so. You could choose another bank, it is "your company", however it was clear that it was frowned upon and could quickly put you outside the circle of trust. Also, for the most part, when you get your real funding, a CFO is "brought in", as most founders teams do not include a CFO from the start. Similar for various services, technical and otherwise, if there was a portfolio company that offered these services. This is from almost two decades ago, things may be different now.