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> > tech startups often come with a massive amount of money that they immediately want to put in the bank But this is not true, the startup is nothing but an e
by JumpinJack_Cash 4y ago
> > tech startups often come with a massive amount of money that they immediately want to put in the bank
But this is not true, the startup is nothing but an empty box with just a handful of dollars in the account in the very beginning. They are not that different compared with a gas station or a mom&pop shop you mentioned. That is until it gets the first VC investment.
Although there are millions of startups, there are only about 2000 VC funds in the US, for sure the banks look at the sender and even if the check is in the millions they'd know it's legit because of the sender which is known and famous , and it's also known to make wire transactions in the millions to finalize their equity investment
- kelnos 4y agoSure, that all sounds logical, but... it's not actually how it works in practice. ::shrug::