Why is it reprehensible to use words such as “Ventures” or “Capital” when one is not an investor? Because the company/person implicitly promises something that they cannot guarantee. They are not a venture capitalist or an investor, and they won’t be the one deciding to invest.
The digital age has made it much easier for cowboys to create convincing profiles online to extort young businesses… but with a good understanding of some common red flags, you can be confident that you are working only with legitimate potential investors.
This is a horror story with a happy ending. It’s a story about dubious marketing practices and fully fledged scams. Be prepared: in this article we will name names, in order to expose what we think is a quick cash-grabbing scheme.
It recently happened to one of our clients: their company is UK based, with no operations or interests in the UAE – they are fundraising and this investor contacted them out of the blue with a tempting message…