Meg Thornton @ #22 and Bruce @41:
* The board of FanLib are not required to undergo any of the kinds of corporate oversight which is expected of a publicly owned corporation - it's a private company. [1]
Any start up that doesn't seem interested in appropriate board oversight or corporate auditing has 'you take his tricorder, I'll take his walllet' written all over it. I hope that VC wasn't interested in seeing a return on its investment.
Bruce, I think you hit the nail on the head. Puts me in mind of the Crimson Permanent Assurance.
| Year | Number of comments posted |
|---|---|
| 2007 | 2 |
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