Who looks after angels?

Wang Yangming (1472 1529), considered the most influential Confucian thinker since Zhu Xi.Image via WikipediaBill Mann writing in The Motley Fool says that China is the greatest opportunity of our lifetime if you missed the boom in the USA from 1980. He is pushing China after the recent 50% drop in the Shanghai stock market. This is because of the tremendous rate of growth and the free enterprise economy.

However he cautions that China “has an unbelievable entrepreneurial culture, but does not yet have a fully formed culture of protecting minority shareholders.” And we do? Having been trodden into the ground by some founders, options intended for new staff “stolen” by founders and offered a cap of 4x by other founders, I am not sure that the Chinese have much to learn from the unpleasant antics of founders in the USA and UK. I am forgetting the dishonest and those who pay themselves top money whilst driving the business into the ground. It is why experienced angels work in packs, get the legal people on side and then go for a strong board appointment with veto clauses. Sad but true. It is all part of the Equity Fingerprint, the business plan resource, fun ride. But then who wants to stay away from clusters and go on holidays?

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