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Personal Transparency (leostartsup.com)
9 points by ameister14 on Dec 23, 2014 | hide | past | favorite | 3 comments



Because taking $1 million from the cash reserves of a funding round for private consumption always looks like a healthy move for company directors. Doesn't trigger any warning bells...


$1M each for two founders is a big slice of a $3.5M funding round. That kind of percentage taken out seems to defeat the purpose of raising money.


This is like writing about why I ate a banana today.




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