Re:A Room-Temperature Superconductor? New Developments
by hinkley on Tuesday August 01, 2023 @01:45PM
(#36959562)
Most of us are not rich enough to be eligible.
The last dotcom I worked for was trying to get funding and had a freakout because someone took money from an unaccredited investor. Had to spend a bunch of their remaining cash to buy that person out and clear the balance sheets.
You have a lot more leeway to ~defraud~ work with accredited investors without all sorts of consumer-protectiony legal clauses kicking in. It's a liability for future rounds. Luckily there are a bunch of rich suckers out there.
The last dotcom I worked for was trying to get funding and had a freakout because someone took money from an unaccredited investor. Had to spend a bunch of their remaining cash to buy that person out and clear the balance sheets.
You have a lot more leeway to ~defraud~ work with accredited investors without all sorts of consumer-protectiony legal clauses kicking in. It's a liability for future rounds. Luckily there are a bunch of rich suckers out there.