Topic map / Investor and partner verification
Name the legal owner of the money, and who can send it.
Aaron Harris, writing for Y Combinator on 21 August 2019, says most founders do not get to choose whose money they take. He discusses AngelList syndicates and special purpose vehicles that raise from outside limited partners, and says those forms are not bad in themselves. He says concealment of who someone is, and of whose money is being invested, is a reason to be suspicious.
The questions on this site ask you to sort what you were told: personal funds, a fund, an SPV, or a person still gathering commitments from others. That sorting is ours, not his. Write the legal name of the payer and who must approve the transfer. If they will not say, record the refusal. It is a reason to verify, not a verdict.
Question. Is this person investing their own money, a fund’s money, or money still to be raised through an SPV?
I have already signed, paid or lost access if the commitment is no longer only a plan.
Aaron Harris on fundraising and meeting with investors · Y Combinator
Harris writes that most founders do not get to choose whose money they take. He discusses AngelList syndicates and special purpose vehicles that raise from outside limited partners, and says those forms are not bad in themselves. Concealment of who someone is, and of whose money is being invested, is a reason to be suspicious. He does not publish a four-way taxonomy of capital sources.