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When Persian Rug Merchants Get Lucky with Google

Fund: Amidzad

Posted by Anonymous on 2009-12-21

PUBLIC:

I know a number of companies who have taken investments (as follow-on) from these guys, and every one refers to these guys as "dumb money."

Don't get me wrong, they understand how to run their successful family businesses: be it the water company, Plug and Play (another real estate play), or selling their persian rugs (the equivalent of selling cars), but DO NOT think that they understand anything about the future of investments, they will defer to their friends in the valley who they think are smarter and be part of the "add-on capital."

The Amidzad and Plug and Play organization itself is not well demarcated. The other review about them being "absolutely useless" says it best. Our experiences were that if they cannot give you a direct answer initially or you're not speaking directly with Saeed or Pejman, leave immediately.

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