Watch Out for These Scoundrels
Fund: Inventages Venture Capital Investments
Posted by Vesuvius on 2008-05-23
You gotta wonder about a Swiss fund, run by Germans which needs an offshore tax haven (in Bahamian shark-infested waters). Giant ego at the top who with his blonde hair, suntan and blue eyes could play the villian in a Bond movie.
Former CFO of Nestle is a Senior partner and now lives in the Bahamas. Nestle is also the evergreen source of funds. Nice retirement package. Fastest growing investment team around, fabulous management fees.
Aki in Auckland is a great fellow. Open, straightforward and not arrogant, its a wonder he fits in. Oxana, an investment manager is a delight to work with.
Unbelievably one-sided termsheets with every trick in the book to screw over management. Full ratchets, ridiculous liquidation preferences, endless protective provisions, punitive antidilution clauses. Ask their coinvestors about their experiences and how keen they are to syndicate with them in the future.
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