Elon Musk’s effort to walk-back a $44 billion US agreement to acquire Twitter continues with the subpoena of former Twitter CEO Jack Dorsey (source: CBC).
The Tesla CEO claims Twitter failed to provide adequate information about the number of "spam bot" accounts on the platform; and breached their agreement by firing a significant number of employees, including prominent managers at the social media company.
On the other hand, Twitter has subpoenaed tech investors and entrepreneurs connected to Musk such as venture capitalist
Marc Andreessen and
PayPal’s founding COO,
David Sacks.
Discussing risk and rewards at Valhalla Private Capital’s member-only ‘Ask An Expert’ event last year,
Faz Bashi, chair of the medical device screening committee of Life Science Angels US, hailed people as the “connective tissue” of angel investing.
“This is a people business - everything that we do is all about people,” he began.
“If you don't have the network, then I would expect that your advisory board members are there specifically for that reason, because they have a network.”
This viewpoint was also held by Randy Stewart Thompson, chairman of Valhalla Private Capital, managing director of Old Kent Road Financial and co-owner of Peterborough United Football Club, who claimed that “your board tells people everything they need to know about what your plan is”.
“Don't get your cousin to be on your board of directors, that tells me everything I need to know,” he added.
Likewise,
Ziad Moukheiber, president and CEO of Boston Harbor Angels, maintained that “the best entrepreneurs are the ones who understand investors”.
Using his family’s experience in ski racing as a focal point, the Boston Harbor Angels president urged members to "look two or three gates ahead, [instead of] the gate that's coming up".
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