Well I was thinking - how can I invest in kevin as he just got $250k cash for 25% of his company idea and then I thought - but he was silly enough to accept the balance in IOT shares??
What really amazed me is that IOT still had a couple of hundred grand in cash still?
Odds of this business model being executed well??? Not high and a business where you have to pay your bills quickly IMO - there is a hint. You need to pay your bills on purchase or have credit available at stores? Would you give IOT credit before they do a runnnaaa ?
Ann: IOT Strategic Investment in Runa, page-31
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