Tuesday, November 09, 2010
challenge in Due Diligence
Checking on promoter's intention is a big challenge in providing public funds to start-ups. I had my share of failures in spotting shady characters. Read this story of X Prize giving prize money $2.50 million to Li-Ion Motors uncovered by NYTimes. Is the person behind the scam (Salim Rana) of Indian origin?
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