71–72 of 72 posts
Earlier quoted context omitted.
If you had $100k left and you tried the FedEx gamble, and lost, you could very well get done for reckless trading. I don't think that's worth the risk.
It should be a risky venture for the company (ie a new strategy). I think gambling in Las Vegas would count as fraudulent.
Earlier quoted context omitted.
Eeesh. Nothing is more uncomfortable than a friend who owes you money.
A rule my father taught me when I was young. "Never loan money to a friend with the expectation that you'll get it back, be ready to just let it go."
One of the two founders of Genentech was a good friend of his, and so he had the opportunity to put the first money into what became Genentech. But he refused to do it because they were good friends, and instead helped him find other investors.
Somehow I don't necessarily see something like this happening often in today's funding environment.