I was involved in a startup company, we were marketing a commodity product, but to a new market segment. We had something special. I got my friends and family to invest, gave them info, had them meet with CEO and they largely plopped their money down because of trust in me. However, after a year with this company working for stock only, I realized that this president is not a well rounded business leader. In fact, he is making bad decsions that has cost the company a lot of money. I could not afford to work there anymore and left. I still stay in contact since I have more money invested than my freinds. I feel awful not for me but for my F&F who got involved in this. The CEO claims to have our money in an escrow account. Is the money gone? How do I find out if he has it or not? The company has about a million in inventory, what can the stockholders do to get their money back?
2007-12-06
09:10:14
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4 answers
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Career Advice
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