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Comment by phendrenad2

18 hours ago

In these cases I'm always curious who the investors were. I have the bad feeling it was you and me via our 401ks somehow.

In this particular case I believe it was mostly individual accredited investors, putting in anywhere from tens of thousands to millions of dollars. The case has records of the fund trying to get GE in too, but it doesn't look like they succeeded. Some of those individual investors may have been pretty small fry so I do feel a bit bad for them, but on the other hand if you want to dabble in Venture Capital, you need to be savvy.