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A comment on Snapchat Raises $50 Million In Series C From A Single, Undisclosed Investor. Parent comment

Re:Snapchat Raises $50 Million In Series C From A Single, Un... by cylinder on Wednesday December 11, 2013 @05:37PM (#6891353)
$50 million is 5% of the net worth of someone worth exactly $1 billion. That's equivalent to someone worth $150,000 investing $7,500. Not quite a quarter down the slot machine but an amount one can still gamble with and not destroy their life.
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Re:Snapchat Raises $50 Million In Series C From A Single, Un... by 001sky on Wednesday December 11, 2013 @06:49PM (#6891766)
No offense, but this is a terrible argument. Corporations worth $10's of billions do not exempt themselves from doing due dilligence on $50MM deals. Not by a mile. It is negligent to not have a process that structures investment reviews, of which due dilligence is a key part. The (corporate) materiality threshold is not alone enough of an exuse. It is gross negligence to studiously looking the other way...as your modus operandi. (It doesn't scale).
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