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Missed Hans Running the Show

Fund: Band of Angels Management

Posted by Anonymous on 2008-01-16

PUBLIC:

At first this was a good model. Get the individual angels to perform, directly or indirectly, the due diligence. Then the fund steps in to take a position and manage the close.

However beginning with the downturn and the new people in charge, the fund became (as many) trying to make up for past mistakes by offering outrageously bad terms.

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