Comment by landryraccoon | Hacker News Reader

Comment by landryraccoon | Hacker News Reader

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> We're only raising a Series A right now.

So, just to clarify, your answer to the objection that investors have absolutely no legal recourse against you and no way to enforce their equity stake is to say that you aren't really asking them for that much money, and you might ask them for way more later?

I certainly grant that you might get away with this enterprise. Criminals get away with crime all the time, and sometimes make a ton of money doing it. There's simply no way for an outside investor to make money off of your criminal activity though. If you have no issue with breaking the law, why wouldn't you also break an agreement with your investors, especially when you have a huge financial incentive to? I mean, if you already have the FBI after you, why would you have any qualms about breaking some silly little contract, especially since you are anonymous and by your own admission quite good at protection your anonymity?

There is no way to answer your question in a way that will satisfy you. The best way to assuage your concerns is to hop on Slack and talk to him. He doesn't make himself hard to talk to.

It's always a risk. But investors choose whether to take that risk. And from speaking to at least one of their potential investors, they don't seem to be too bothered by that since they have gobs of ETH. They stand to lose $10k but make much more.

It's a greedy motive that will likely result in them losing their money, but meh. It's their call.

> There is no way to answer your question in a way that will satisfy you.

Most startups answer this question quite well. I am hardly asking for something difficult. What's special about this one? Uber, despite the grey areas in it's business, is legally bound to it's investors. It's founders are not anonymous and can be held to their agreements.

> It's always a risk. But investors choose whether to take that risk.

Usually the risk is that you will lose money if the business fails and make your money back if it succeeds. In this case, the business has no rational reason to pay you anything even if it succeeds. Most startups fail, but for this one, none of it's founders has any skin in the game. They don't even suffer a hit to their reputation if they walk away, because they're anonymous!

> The best way to assuage your concerns is to hop on Slack and talk to him. He doesn't make himself hard to talk to.

Is this your standard? Jordon Belford would have passed this with flying colors. Anyone who is any good at sales knows how to sound honest despite the veracity of their sales pitch.

>If you have no issue with breaking the law

We have no issue breaking an unfair, unjust law that actively hurts people. Example: A judge ruled that the gang-rape of a sex worker was merely "theft of services".

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