Once you've raised that v c money or angel money from someone like you, you are feduchary. There is no self dealing that is legal. It's illegal. You go to jail for this kind of stuff. The second one is, it's kind of sad, but sometimes people think like, this is my company, it's my money, and so they use the credit card for their own stuff,.
In this hot funding environment, both investors and founders benefit from startups having all the finance basics covered. In this episode, Kruze Consulting COO Scott Orn joins to explain how to prepare for diligence and avoid fraud. They discuss common blockers in diligence (10:19), the benefits of tight financials (23:31) and more!