Cockroaches

Yet again, yesterday I bought a coffee for the CEO of a startup.

Amongst other stories I heard this sad one for the umpteenth time.

He had pitched his company to xxxx Capital in Sydney.

They had considered the deal, done a bit of due diligence, but eventually decided the deal wasn’t in their ‘sweet spot’.

However they did offer the CEO their ‘other’ service – the one where he pays them to help him raise funds.

I had to tell him that, sadly, there probably was no investment fund and the whole investment charade is standard fare in this fair city of ours.