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A comment on Hype and plunder: Domo a new low for self-indulgent IPOs. Parent comment

Re:Hype and plunder: Domo a new low for self-indulgent IPOs by untog on Tuesday June 05, 2018 @11:45AM (#17238774)
> That's not a flaw, it's a fundamental part of how it is meant to work.

And, as the article demonstrates, it is not without risk. A CEO spending huge amounts of company money on other ventures he owns for no discernable reason is a pretty great example of why this SV model can be hugely problematic.

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Re:Hype and plunder: Domo a new low for self-indulgent IPOs by dv_dt on Tuesday June 05, 2018 @12:30PM (#17239321)
It can be problematic, but so can investors in SV companies demanding that scale-out takes off too early or too quickly. It's difficult to quantify which of many problems are a bigger issue, or even relevant from case to case.
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Re:Hype and plunder: Domo a new low for self-indulgent IPOs by mistersquid on Wednesday June 06, 2018 @10:59AM (#17247660)
Vocabulary question here:

Is this "embezzlement"? I'm not sure because the use of funds were for legitimate services even if they are owned by James and his family.

Is there a different word to describe the siphoning of company funds by directing business to self-affiliated parties? Is this covered by "nepotism"?

(Thanks, in advance, for any clarifications.)

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