Quote:
Originally Posted by Paul Markham
Do you get my point now?
When interviewing anyone for a loan for a business, bankers will want to know the background of the people running the company. Their experience,their knowledge and their rolls in running the company. Also the turnover and profit margin of the industry and the companies they wish to buy is vitally important.
Even with the most brilliant business plan, which it wasn't. Fabian wasn't equipped to run a large company like Manwin and certainly not from 7,000 miles away and 5-6 time zones.
Now AK will come back with some silly reply about a business plan, but how do you base a business plan on information not at your fingertips. This is ignoring the facts that it was an online porn business and was being investigated for money laundering.
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You're making a lot of erroneous assumptions and you keep talking about bankers.
Many people who raise capital for a tech company through a capital raising firm never meet a banker.
Tech companies raise funds every day through various venture capitalists and I can tell you that none of the people at most of those tech companies have ever met a banker.
Then there's angel investors, speculative investors, the list goes on.
You keep demonstrating through your posts that not only do you know nothing about the porn industry, you know nothing about the world in general, or at least how things work in the 21st century.