[cylinder]

$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.

[001sky]

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).