Take a look. They promise a corporate bond that expires in a year with a whopping 20% coupon.
They intend to buy pre-IPO emerging companies’ initial equities with this and then cash in better than what VC funds do.
Needless to say I’m very skeptic, but I don’t quite see the risk yet (in the offering that is. In the business model, very much.).
Please help me scrutinize this thing.