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In Path's position what would you do with this capital?
by 650REDHAIR 13y ago
In Path's position what would you do with this capital?
- yapcguy 13y agoPay back the original Path investors $25m. Pray that the money isn't connected to Suharto[1]'s old boys network and never take a holiday in Asia again. [1] https://en.wikipedia.org/wiki/Suharto https://en.wikipedia.org/wiki/Suharto
- deadfall 13y agoSounds familiar. Oh yeah. http://en.wikipedia.org/wiki/Ponzi_scheme http://en.wikipedia.org/wiki/Ponzi_scheme
- edwinnathaniel 13y agoMoney isn't related for sure. Bakrie is on their own.
- yapcguy 13y agoI don't know but it looks like there are connections... http://jakartainformer.com/96869/ghost-of-suharto-gives-life-to-his-old-political-party/ http://jakartainformer.com/96869/ghost-of-suharto-gives-life... *Indonesia’s autocratic former President Suharto left office in disgrace, his political empire and the economy in ruin, but 15 years later, his old ruling party hopes nostalgia for his legacy will sweep it back into power. Polls show the Golkar Party, which Suharto created as the parliamentary rubber stamp for his 32-year hardline rule, is running around second place. ...Aburizal Bakrie, 67, head of Golkar and the party’s presidential candidate next year."
- edwinnathaniel 13y agoGolkar had been up for grab after Suharto's power diminished significantly.
- joeblau 13y agoTake the money and invest it in Bitcoin.
- samstave 13y agoJust out of pure morbid curiosity; would that be a criminal/illegal offence?
- w1ntermute 13y agoMaybe they could spin it as a pivot.
- joshu 13y agoMany investment terms do not allow investment in other assets without permission of the board.
- joeblau 13y agoI don't think they'd be allowed to do this. It's probably stipulated somewhere in their contracts, but I have heard of other startups doing that.