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Heres Your Management Fee

Fund: Allegis Capital

Posted by Anonymous on 2008-02-21

PUBLIC:

I pitched these guys quite a while ago. I owned quite a bit of stock in the company. They had the nerve to say I owned way too much and that in order to do a deal they wanted most of the company and they would give me a management fee. I was told to come back after I was more realistic regarding ownership.

The deal got funded by another VC.

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