In lesser known places such as Wall St, practices like self dealing are considered illegal. In venture they’re often celebrated. Go figure.
I think there’s a general distaste towards setting up networks of companies B, C, D, planning to profit from a success of another company A where a single person controls all the companies and there’s a reasonable expectation of plans to divert business from A towards B, C, D.
I don’t know the details but there seems to be some gripe about it. I’m speculating.
In lesser known places such as Wall St, practices like self dealing are considered illegal. In venture they’re often celebrated. Go figure.
I think there’s a general distaste towards setting up networks of companies B, C, D, planning to profit from a success of another company A where a single person controls all the companies and there’s a reasonable expectation of plans to divert business from A towards B, C, D.
I don’t know the details but there seems to be some gripe about it. I’m speculating.