Posted by observer on 2009-01-19
Tags: Funding Sources Introductions Fees
Just saw a link to the document about a middleman sues a company for not paying all the fees for help in getting funded. I will leave to other parties make a conclusions about ethics of this. However the important part was disclosing the details of the agreement that company had signed with Warren Lieberfarb.
Young companies, especially a first time entrepreneur should be careful with paying such a fee in first place. But even if there is no choice to avoid, in any circumstances such a fees can be infinite