Wow, what a read. I am surprised that barely any background checks were done by the investors. Considering how hard it is to get any sort of investment funding

Wow, what a read. I am surprised that barely any background checks were done by the investors. Considering how hard it is to get any sort of investment funding from Angels in New Zealand, I can't help but feel annoyed at this wasted opportunity. If this is all true, I can't for the life of me understand why he didn't just tell the truth. "rags to riches" and all that -- you don't need "prestige". (well, you don't, do you? or is that how SV works?)