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by datavirtue
754 days ago
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I have witnessed at least one board that was made up of friends of the founder. A doe-eyed rubber stamp brigade. This was enough to fool some serious investors into parking their money there. Of course, they eventually realized what was going on and launched an all out offensive to affect change. (They didn't get anywhere despite owning 15%.) I know this because the investors published a website where they detailed the situation. |
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