That's why it has to be a nonprofit, because a nonprofit is required to take monies it receives and use them for the purposes for which it's chartered by the government. It can't be pocketed.
Mitchell KaporThis is the snobbery of the people on the Mayflower looking down their noses at the people who came over ON THE SECOND BOAT!
Mitchell KaporHaving information that the other side doesn't have gives VCs an advantage... they take advantage of entrepreneurs who haven't been through this before... they were totally willing to take advantage of us.
Mitchell Kapor