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"* How much money is in the bank, i.e. how long can they go until the next investment round?" Is there any way to verify this information? Anyone can say anyt
by niggler 14y ago
"* How much money is in the bank, i.e. how long can they go until the next investment round?"
Is there any way to verify this information? Anyone can say anything, and even if they show you the bank balance you don't know the expenses etc
- hga 14y agoIndeed, but I've never found that necessary. The reactions to the question, including non-verbal, tell you a whole lot, as does the specificity of the reply.
- rmc 14y agoYou might be able to look at your country's company registration office and look at the annual reports they file. They might claim to have been profitable and cash flow positive for years, but their annual reports might show something different.
- niggler 14y ago"look at the annual reports they file" only applicable for public companies or those with enough shareholders that they have to issue public reports. For small startups it doesn't apply. FYI: Just did the biannual report for NY state (for a small partnership) -- they don't ask for income; they just want a statement of ownership
- rmc 14y agoDepends on the area and country. Some small non public companies that I'd consider start up have had to file reports.