91–100 of 112 posts
You just gave me flashbacks to this dude I contracted for. Dude had me working on utterly random stuff for like less than a week at a time. "Hey, make a visualization tool in Unity!" "uhhh ok but I don't know C#, and the backend is only 10% done, I suggest we focus--" "just do it! we have to move fast!" I eventually started to get roped into investor meetings and he was just straight up lying to investors; nothing wr…
I'm gonna agree with qikInNdOutReply here: you work for a laundromat. If this has happened multiple times, it's entirely possible that all of the VCs involved are aware of it, and are in fact getting their money's worth. :-) Here's my advice to you, and I'm not going to say IANAL because you don't need to be a lawyer to know this: you are working for shady people. If it is, as seems likely, a laundering front, the ve…
I'm gonna agree with qikInNdOutReply here: you work for a laundromat. If this has happened multiple times, it's entirely possible that all of the VCs involved are aware of it, and are in fact getting their money's worth. :-) Here's my advice to you, and I'm not going to say IANAL because you don't need to be a lawyer to know this: you are working for shady people. If it is, as seems likely, a laundering front, the ve…
There are probably way more crooked VCs than crooked startups, by volume of money skimmed. Giving investment money to a crooked VC is even dumber than to a crooked startup. I.e., they deserve to be milked. They may cease to invest, after some time.
> Ask HN: I have a job making money without being forced to do anything difficult. Please help me figure out how I can fuck up my situation.
> Ask HN: I have a job making money without being forced to do anything difficult. Please help me figure out how I can fuck up my situation.
He was gonna buy puts on the company stock and make out like a bandit on his way out the door.
Earlier quoted context omitted.
Can you explain? "Money laundering" businesses are cash businesses. If the money is already in the legitimate banking system it doesn't need to be laundered, even if it's from an "oligarch". How does this help? As someone below commented, it seems more likely that the VCs are stealing from their investors.
...They're cash businesses when you're cleaning cash - drugs, prostitution, etc Do you think people are bringing briefcases of cash on the scale of that many millions to a nail salon?
Earlier quoted context omitted.
Can you explain? "Money laundering" businesses are cash businesses. If the money is already in the legitimate banking system it doesn't need to be laundered, even if it's from an "oligarch". How does this help? As someone below commented, it seems more likely that the VCs are stealing from their investors.
The world is more complex than that. Things like sanctions and countries (not) fully implementing the sanctions create a world in which the transport of sanctioned ‘money’ (or money owned by sanctioned people) from place X to Y is only possible via constructions as the one hinted on here. Dirty money is not always cash. Even bank held funds can be dirty enough to require cleaning.