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Old 09-24-2012, 12:01 PM   #33
jjjayb jjjayb is offline
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Join Date: Sep 2003
Location: Back in K.C. baby!!!!
Casino cash: $13533
Quote:
Originally Posted by ChiefaRoo View Post
You don't understand how venture capitalism works. It's not "Hey we need 30Million because we ran the company into the ground" and the venture cap. guys say "ok" here you go. It's "We need 30Million because we ran the company into the ground" and the Cap guys says "I'm going to take over your board, fire most if not all your Senior execs and cut all the overhead out of the business and if the company still is failing I'm going to sell it off in pieces down to the last out building and acre of land". You're complaining about because the Cap. guys risked their own money to try to turn the bus. around and when it couldn't be turned around they salvaged their investment by selling off the hard assets. Happens all the time in business. Every day all day.
But it's Evil Chiefaroo, evil I tell you! How dare they try to make a profit! Profit is bad!
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