u/RobSteinsVoice wrote (the comment Michael replied to):
I mean who you are backed by doesn't really matter and if he's one of the top investors in the world then it seems the money isn't an issue to prove you are not pulling the figures out yo booty ;-) It wouldn't be your accountants, it would be other accountants. That's the key f
u/michaelnovati replied · · edited
Sorry, to clarify, they do extensive due diligence, background checks, private investigators, and they have auditing requirements on the company (not on these outcomes, but on the operations of the company), we're talking 5 and 6 digit legal bills to review all of this stuff before they make an investment.
We're still small and have to make choices about what to invest in and investing in audited outcomes might be a good choice! I'm not disagreeing here. We just have to weigh that over like more mentorship, another engineer, etc... and project the impact the investment will have on more Fellows joining, versus Fellows having better outcomes etc.... so it's not just flipping a switch.
It's definitely on the radar though as a I said, and really appreciate this discussion!