Not only that, the ones that are can be quite scammy.
Highlights from this startup raising money:
-Advertised with TV commercials by former Seinfeld actor
-$160k in assets, raising $50million at >$200million valuation
-CEO was formerly barred from leading companies by the SEC due to security fraud
-The management team has a few more planned IPOs in the biomed
and aeronautical industries, and has a graveyard of past businesses that got investor money and went bankrupt.
Highlights from this startup raising money:
-Advertised with TV commercials by former Seinfeld actor
-$160k in assets, raising $50million at >$200million valuation
-CEO was formerly barred from leading companies by the SEC due to security fraud
-The management team has a few more planned IPOs in the biomed and aeronautical industries, and has a graveyard of past businesses that got investor money and went bankrupt.
http://www.businessinsider.com/yayyo-ipo-ads-tv-ramy-el-batr...