Re:Booted out of Bootup Labs
by rdl on Thursday April 15, 2010 @12:45AM
(#1267006)
It's pretty common for VCs to have the company being invested in pay for legal/research/etc. expenses out of the investment amount -- so you raise $500k and immediately pay $50k back to the VC for their costs.
It's weirder here due to the small scale of investment relative to the costs, and the non-cash services, but not totally implausible.
It's weirder here due to the small scale of investment relative to the costs, and the non-cash services, but not totally implausible.