How an “investor” from Silicon Valley almost kills our company
medium.com
medium.com
We at RailsFactory first contacted in December 2012.
Been to the same apartment, same cat, got the walmart reference, and some Jonathan, for the same project.
Did a code review, estimated a API for mobile.
But having operated our business for longer we did some background checks. Some of the story checked out while others did not.
He was not willing to sign a contract and make the advance payment we needed to start the project.
He suggested he can help us by referring us projects with his influence in valley and SF, but we had to pay X thousand dollars per month .
Also he was going for vacation to India.
I requested him to visit our India development centre as Sales & Contracting was not my speciality. He made a condition as he was doing us a favor, we need to host him, so we ended paying for him to visit chennai(to and fro flight tickets from Delhi to Chennai and for the luxury hotel stay).
Feedback I got from India team, we cannot manage him or trust him for the sales end, even development head was sceptical for working with him for amount of profanity he used in his general speech.
I did meet him couple of more times.
Then I was aware of the apartment sale discussions. Then we backed off fully in March 2013.
Do you have an email? It would be interesting to talk about this.
By the way, how did you find this post? Was it just a random coincide?
On the upside, nothing like enlightening a friend doing a reference check.
Yes, you're right however, as I explained in the post, it was a friend of ours who introduced us to this guy. Our friend would haver never foreseen this outcome.
In other words, all his references seemed to be ok.