You have a point there the rich folks wouldn't want to be seen as gullible. Maybe I should have said "more reported cases of VCs being defrauded."

> "If you were a VC would you want anyone to know that the $X00,000 you put into an "early stage company" was actually spent on hookers and blow?"

Well, if I'm a venture capitalist investment type that probably means I have "fuck you money" so... yea, actually I would. If I spent 6 figures on coke and whores then I'm telling everybody.