[DevX101]

Agreed 100%. Suster is way off base here with his conclusions. Any investor worth his/her salt will need to review basic financial info before putting money down.

If you can't trust an accredited investor with your financial data then don't take their money.

And if that investor inappropriately divulges confidential information, then take it up with a lawyer as it seems the company in question is in the process of doing right now.

[nedwin]

He's not arguing against disclosing financials during the course of raising money. He's against giving minority shareholders continued access to financials. aka information rights.

Asking up front is one thing, being obligated to provide to a minority shareholder ongoing is another entirely.