BetFair chairman Ed Wray: “-Too many hurdles in the way of enterprise”-.
Wray refers to a tax incentive that he and Black used to launch Betfair after they were forced to go to friends and family for funds, having failed to raise capital from institutional investors.
“-That was very useful in terms of getting the business off the ground. Everything I see now is about cutting back on those opportunities.”-
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Paul Kedrosky was all excited, in April 2006, to tell his gullible readers that HedgeStreet received another round of funding —-adding all up to $24.9 million.
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And just 18 months after Paul Kedrosky’-s pronouncement, HedgeStreet (v1) ate the bullet and bellied up.
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And, of course, Paul Kedrosky has never mentioned to his readers the hard fact that those $24.9 million went up in flames —-creating nothing else than hot air.
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Why bothering with reporting the truth? Let’-s tell blog readers some fairy tales, instead. They swallow.
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