« swipe left for tags/categories

swipe right to go back »

Warning To All Entrepreneurs About Bad Investor Behavior

June 30th, 2011

I received an email from an entrepreneur today asking me about something that made my stomach turn. It’s a first time entrepreneur who is raising a modest (< $750k) seed round). There are two founders and they’ve been talking to a VC they met several months ago. Recently, the VC told them he was leaving his firm and wanted to help them out. This was obviously appealing until he dropped the bomb that prompted their question to me.

This soon to be ex-VC said something to the effect of “I can easily raise you money with a couple of phone calls, but I want to be a co-founder of the company and have an equal share of the business.”

In my email exchange with the entrepreneur, I asked two questions. The first was “is he going to be full time with the company” and the other was “do you want him as a third full time partner.” The answer was no and no. More specifically, the VC was positioning himself as “the founder that would help raise the money.”

I dug a little deeper to find out who the person was in case it was just a random dude looking for gig flow. David Cohen, the CEO of TechStars, has written extensively about this in our book Do More Faster – for example, see the chapter Beware of Angel Investors Who Aren’t. I was shocked when I saw the name of the person and the firm he has been with (and is leaving) – it’s someone who has been in the VC business for a while and should know better.

I find this kind of behavior disgusting. If the person was offering to put in $25k – $100k in the round and then asking for an additional 1% or 2% as an “active advisor” (beyond whatever the investment bought) to help out with the company, I’d still be skeptical of the equity ask at this stage and encourage the founders to (a) vest it over time and (b) make sure there was a tangible commitment associated with it that was different from other investors. Instead, given the facts I was given, my feedback was to run far away, fast.

Entrepreneurs – beware. This is the kind of behavior that gives investors a bad name. Unfortunately, my impression of this particular person is that he’s not a constructive early stage investor but rather someone who is trying to prey on naive entrepreneurs. Whenever the markets heat up, this kind of thing starts happening. Just be careful out there.

http://twitter.com/nathanameye nathan_ameye

Thanks for being a great resource and helping to abate such behavior Brad.
Guest

LOL
http://twitter.com/#!/georgelbowen George Lucas Bowen

Thank you for touching on topics like this, you are a great resource for entrepreneurs out there fighting it out every day.
Ross

A potential advisors once asked for 10%. I LOLed. Last time I spoke to that guy.
DaveJ

What’s the justification for not naming names? Libel/liability? Or is there some sort of ethic in play here? Seems to me that this person should be called out, tweeted, advertised, and should never be taken seriously by anyone again, but that will only happen if he is named.
- http://www.feld.com bfeld
  
  I thought about it but since I didn’t have the experience with the person
  directly I didn’t feel like naming names. I also wasn’t interested in
  spending the time to verify the specific example, which would involve
  talking to him directly. Finally, I don’t want to negatively impact the
  entrepreneurs, so I’d need to expose their identity also, which would
  require more time to get them comfortable with what I was writing, have them
  review it, etc.
  
  Now, I’m sure someone out there will say “but that’s not proper journalism”
  and my response of course is “correct – this is my blog – I’m just writing
  my opinions.”
  - Pete Griffiths
    
    I think that is totally fair and appropriate. What may help is to encourage the entrepreneur in question to post something on ‘The Funded.’
    - SVE
      
      Seconded. Post anonymously on theFunded. That’s what that forum is for. Bad behavior won’t end until anonymity is removed and the offender is made to public defend their behavior.
  - http://getabl.wordpress.com/ markslater
    
    Scott is right – for every supposed fred or brad who are transparent in their positions etc – you have 10 who are not.
    
    The single best thing an entrepreneur does is secure top legal advice. Alot of the top companies offer deferred fee arrangements. The second best thing he or she does – is secures a competent advisor who can filter out these types of scumbags.
    
    raising money is not an easy process for 95% of all entrepreneurs. surround yourself with good advice on good terms. Chances are its not fred or brad coming over the hill (i’ve never dealt with either so going on general sentiment).
  - http://freepository.com John Minnihan
    
    Coming into possession of actionable info that wld be of benefit to friends presents a seemingly tricky ethical issue: honor loyalty to your friends by disclosing it or honor your duty (+ often legally-bound obligation) to the entity from whom you’ve obtained the info.
    
    The corollary here is pretty obvious. You have the name of a dude we should all avoid, yet disclosing his name wld create lots of drama for the entrepreneur(s). You help them by not giving everyone else a specific, with-names heads-up.
    
    Ultimately, you have to do the right thing. And that means not telling your friends. It feels sucky, but it’s the right thing. I deal w/ this a lot.
http://walkercorporatelaw.com Scott Edward Walker

Brad – Thanks for calling this out. As a corporate lawyer for entrepreneurs, I have sadly seen quite a bit of bad investor behavior recently. Here are but a few examples:

(i) An investor presenting a term sheet for a $350K investment for Series Seed preferred representing 60% of the company; (ii) a VC firm presenting a term sheet for a $250K investment for Series A preferred representing 38% of the company; (iii) an investor arguing to be deemed a founder and receive a majority of the shares of common stock for a $100K investment; and (iv) two
instances of a British-based “VC” firm presenting term sheets for investments of $500-750K and then trying to convince the founders to first wire them $15K in funds to retain British counsel.

All of these cases involved first-time entrepreneurs, who were unsophisticated and understandably excited to be getting cash in the door. Of course, I was then put in the unenviable position of trying to explain to them how ridiculous the proposals were and that they needed to move on. Indeed, it took several weeks (and “detective” work) before my client would believe that the British offer was a scam.

This is why I wince when VC’s like Fred Wilson and others write about just using standard forms without lawyers. Yes, for extraordinary and honest investors like Fred and you (and many others), you arguably don’t need lawyers for a Series Seed, with standardized documents. But for some (if not most) of the deals, entrepreneurs truly need an experienced lawyer to watch their back.

Keep up the great work!

Cheers,
Scott
http://www.walkercorporatelaw.com
- Anonymous
  
  Could you detail a little nore about why the first two cases you mention are bad? If you’re an entrepreneur its still hard to tell what is reasonable and what isn’t, especiallu at that early stage. What would be more acceptable?
  - http://www.feld.com bfeld
    
    The valuations are very low (sub $1m) for a seed round. Normally you see
    valuations bottoming out at $1.5m pre and the overall seed range tends to be
    $1.5m to $5.0m pre depending on the history of the entrepreneurs.
    - http://rose.vc davidsrose
      
      Urk! Heaven forbid that I demur here (since you are virtually *always* right on everything!) but I think it’s important to provide context around your answer. That $1.5m – $5m range of pre-money valuations you mentioned is accurate, but only under a *very* limited set of constraints:
      
      (a) in Silicon Valley
      (b) for tech deals
      (c) with a bit of much-maligned “social proof” or “accelerator blessing”, and
      (d) primarily among either
      (d.1) new-ish angels who have gotten into the game recently, without a lot of long-term investing track record, or
      (d.2) a few of the “super angel seed fund managers” like our mutual friend Dave McClure, who will cheerfully admit to “being price insensitive and overpaying”
      
      Although there’s a bit of seepage from the bubble-heart of the Valley to a few other tech centers like New York, Boston and Boulder, a recent private survey of major angel investors around the country, many of whom who are NOT part of the ‘Valley technorati’, noted that the average outside the Valley for a seed-stage, pre-revenue angel round from experienced investors was a pre-money valuation of $1.5m, with a range of about $750k – $2.5m (assuming a seed round size of $250 – $1m). This jibes with my own anecdotal experience, as well as with some preliminary, unpublished statistics from Angelsoft, which is now used by something like 40,000 accredited angels to manage their deal flow and investments.
      
      That said, I strongly echo your original point, and agree that the experiences both you and Scott shared are WAY out of line. Followers of this thread should note that even within the lower valuation/investment range I mentioned, the equity going to seed round investors is still only 25% ($250K/$750K) to 28% ($1m/$2.5m)
Pete Griffiths

Great that someone like yourself comes out with this and calls it for what it is…respect.
Ben Kavanagh

Why is this so bad? Few (if any) in the investment game are playing for altruistic purposes. It could be that this person has a service that he can offer, i.e. improving chance for financing. He is setting a price for that service. I anticipate that this type of insider dealing is correlated with other behaviours that are seriously unethical, for example, not disclosing his stake when he pitches to inside connections, but could you please be more explicit regarding your rejection. What are the worst case scenarios in accepting this type of money?
- http://www.feld.com bfeld
  
  The person is not offering money. They are saying “give me 33% of your company in exchange for helping you raise money.” That’s an absurd ask.
  - ukfounder
    
    This is essentially what incubators like HackFwd do as well.
    - http://berislav.lopac.net Berislav Lopac
      
      HackFwd is providing both money and mentorship, and at a pretty good valuation (up to $1 million post-money!), considering you don’t have to have much more than a clickable demo…
  - http://twitter.com/rekatz reuben e katz
    
    are they offering to work full time as CEO? if they are inexperienced that could be a good deal… if his % is vesting and he has to work full time as CEO… if it’s 33% to help raise, then yes, that is worse than a usury loan shark and they should be ashamed.
    - http://www.feld.com bfeld
      
      He offerred to “help fundraise and advise” – he wouldn’t be working
      fulltime.
Guest

What is the best way to deal with bad behavior after the VC has invested?
- http://www.feld.com bfeld
  
  Direct confrontation is usually the best approach. It depends entirely on circumstance, legal dynamics, ownership rights, and fundamentally the overall rationality of all parties. There is no short / quick answer here.
http://twitter.com/Roop13 Rupert

I want to address this as well as I had a certain investor approach me about a 25k investment and then wanted a spot on the board and another 2 % as an advisor, of which he knows little about the space and doesn’t bring anything to the table.

I asked Brad and David about it they gave me similar advice to his blog. Great stuff. Your advice has saved me on several occasions.

Thanks!

Also, maybe you should do InvestStars as well as TechStars and counsel people on how to be great investors in startups..Just a thought;)
- http://www.feld.com bfeld
  
  Hopefully the new book that Jason and I wrote that is coming out at the end of July (Venture Deals – Be Smarter Than Your Lawyer and Venture Capitalist - http://www.amazon.com/Venture-Deals-Smarter-Lawyer-Capitalist/dp/0470929820/ – will help a lot with this.
  - http://www.marketing-startups.com Conrad Egusa
    
    I’m looking forward to the new book Brad!
  - http://www.venturestab.com Jerome Gentolia
    
    Been waiting for this book for quite sometime now. Any ideas when it will come out?
    - http://www.feld.com bfeld
      
      It should be out by the end of July. It is available now for pre-order on
      Amazon.
Anonymous

If an angel investor is asking 1-2% for 25k, why would you be skeptical, or rather, what do you think they SHOULD get for investing 25k?
- http://www.feld.com bfeld
  
  The angel investor should get whatever % based on the price of the round. In the example, I was saying that the angel was looking for an addition 1% – 2% based on their involvement. I’ll clarify in that in the post.
  - Anonymous
    
    Oh, right. That would seem strange.
- Thompson
  
  I agree with Garth, Brad.. why shouldn’t the angel put in his money at rounds established price, and then get equity for the efforts beyond the capital. otherwise angels will be encouraged to be “just money” as their is no upside to building the company alongside the founders?
http://www.venturestab.com Jerome Gentolia

Wow! Insane!
Ruby Ninja!

Wow! Unfortunately this is becoming more and more common. It is absolutely ridiculous to ask for a co-founder role and even more ridiculous to get equal share (or any share for that matter) of equity for a mere investor introduction. Entrepreneurs beware. You will have a difficult time raising funds in the future if the investors finds out that you have a co-founder with no vesting and no commitment. He is damaging the chances of the entrepreneur to get future funding. He should know better. This is joker brokering at its best.
http://getabl.wordpress.com/ markslater

they are everywhere.

we are half way through an angel financing of 500K – i’ve gotten a highly tuned radar for this person.

On a separate note – Angel list is now very confusing. you have VC’s posing as angels, what does this mean? they are investing their own money? does that not conflict with their fund charter? (i’ll get in now before my fund gets in)?
- http://www.feld.com bfeld
  
  Some VCs can invest their own money into companies. We don’t – and I think
  it’s a huge conflict for funds / VCs / LPs. We’ve always been very careful
  here, especially since I’ve historically done lots of angel investments.
  
  Other VCs are simply trolling for seed stage deal flow on Angel List.
  
  It’s definitely worth checking which role they are playing.
http://twitter.com/brianwegan Brian Egan

While raising our seed round we had lots of “investors” try to extract value w/ finder’s fees, ridiculous advisor agreements, 10% common stock kickers and other lowball tactics. Founders, you can spot these guys by the following characteristics:
A) 2+ degrees of separation from someone you trust; B) Focused on discouraging you and discrediting your model (to make you think you need them) before making their offer; C) Always want to spend 20+ minutes reviewing their accomplishments, network and general awesomeness; and D) You feel like taking a shower after meeting with them.
- http://twitter.com/toddvernon Todd Vernon
  
  ….and everyone they talk about pitching your idea to are bankers… Dead on Brian, i see this all the time with “out of the flow” startups that are trying to figure it all out. I’ve never seen angel investors work unless 1) They are family or know you personally (the “people investor) 2) They have been successful in your industry (the idea investor) 3) They are brought in with someone that is in 1 or 2
Audra Karfelt

I AM HAVING A PROBLEM WITH CAFE WORLD ON FACEBOOK IT WONT LET ME ACCEPT MY TICKETS FOR THE SUMMER FESTIVAL.
WHAT CAN I DO?
OR WHO CAN I CONTACT ABOUT THIS PROBLEM?
- http://www.feld.com bfeld
  
  Audra – if you send me an email (brad@feld.com) I’ll forward it on to the
  right folks at Zynga.
  - http://twitter.com/csl_ Carl S. Lange
    
    I appreciate your courteousness. It’s nice to see.
Adam L

Thanks for bringing this topic up Brad. Its really helpful to all first time entrepreneurs. I dont find it surprising at all. We are currently raising money and one of our close acquaintance (who is well connected) has expressed the same desire. He even told us that with him on board (given his connections) there will be guaranteed exit.

People are so greedy that they want free piggy-back ride with entrepreneurs. Entrepreneurs (especially first timers) are desperate to get their foot on the ground (irrespective whether it fails or succeeds). These people are exploiting naive and hardworking entrepreneurs. Unfortunately, this is making whole ecosystem murky. So please bring more awareness to this issue.
- http://www.feld.com bfeld
  
  You are welcome. It makes me nuts that people try to ride on the backs of
  entrepreneurs like this.
  - Adam L
    
    One follow-up question if you dont mind. How to deal with these situations. Like my co-founders are shit scared since he might give us bad publicity (in his network if we say no) and we might not be able to raise money at all.
    
    It would be great if you can shed some light on how to deal with these situations professionally. Once again thank you!
    - http://www.feld.com bfeld
      
      I think the only real approach is to disengage and politely decline their
      involvement. You have to actually disengage – it’s not appropriate to
      continue to interact in any way.
      
      If the person asks why, you simply say you’ve talked to other professional
      investors who confirmed your impression that the ask was far overreaching.
Anonymous

It was that kind of “investment” that eventually stopped me from starting my own institutional brokerage firm in 1995. Great article.
http://freepository.com John Minnihan

bad VC, no biscuit
Ulf

Brad, you should get that VC to invest in your marathoning, sweat equity and all.
- http://www.feld.com bfeld
  
  Hah – cute. My goal is to never be in the same room as that particular VC.
Rich

Can you explain further?

Can’t a performance clause be used to oust the guy if he doesn’t produce the investments? If the guy can produce who cares if he wants a %. Paying based on performance is nirvana, no?

If the guy was leaving the firm he was at. Wouldn’t that mean he would have to file all the required whatevers to solicit investments unless he was a partner and it was a private solicitation? In other words to perform “investment finding tasks” he would either need to be licensed or he would need to be a partner in the biz right?

I’m just confused why you’re upset. Every deal should be unique and examined throughly by both parties. Providing “standard” anythings is where people get caught off guard. Like in the movies where they say “It’s a standard deal just sign it.”
- http://www.feld.com bfeld
  
  Paying on performance is fine, but only if the compensation is reasonable.
  Getting 33% of a company for helping raise $500k is nonsense.
http://fred.io Fred Davis

Good advice… I’ve seen this dirty trick lately, too. Tried warning the entrepreneur, but they trusted the investor… do your own due diligence on any potential investor, and beware of anything that deviates from standard practices. As Brad pointed out, when the markets heat up, the weasels are out in force!
Pingback: links for 2011-07-01 | inluminent
http://twitter.com/DipakPatel Dipak M. Patel

Entrepreneurs – You started your gig because you had a feeling….don’t ignore your instincts when you start to get itchy feelings in weird places!! Your “gut” is your most powerful weapon. Don’t allow anyone turn it on yourself…
http://www.freezecrowd.com/ Eric Leebow

This was an interesting post, I’ve had similar stories in the past just to make introductions. It doesn’t surprise me.
http://hark.com David Aronchick

Great comment Brad – I’d really like to see this person outed, either here or on the Funded.
Diamond D Grier

I just got off of the phone with my attorney in Italy, she was in Georgia this past week and we meet with two investors in which I sent an Executive Summary.

I didn’t include all 45 of my plug-ins (Product/Services) in the summary.But I did so in the meeting.
I’m requesting a marginal $10,000 investment which will be secured by company private shares in which Georgia Business Center will buy back 100 to 300% of what was invested from 6-12 months..
100% in the first year and each year afterwards a additional 100%.

Our company holds over 15 Patent, A global TV Channel, and a one of a kind product and services that is unheard of. Also, keep in mind a cable channel will cost you $12 million dollars, and we contracually have that but it is Globally in which cable is not.

Additionally, I will hold that investors can open a franchise (No Franchise) Business Model anywhere in the USA at no cost and for their Investment.

Diamond D Grier (Pres/CEO of Georgia Business Center and SAN: Starving Artist Network)

What do you’ll think.!?
- http://www.feld.com bfeld
  
  Diamond, I don’t think I know enough about your business to have a strong
  opinion but if you are only looking for a $10,000 investment I’d suggest
  that you should be talking to individual / angel investors, not VCs. I’d
  also encourage you to look close to home / with friends and family – who
  might be interested in supporting what you are doing.
Facebook User

Hi Brad! ran across your post from another friend of mine. How are you? I’m not sure if you remember, but we met at Standford last Sept when you gave your talk along with Dave Cohen of TechStars. I was talking to you about our company which does Cloud-based EMRs, and you said you’d show it to your dad. How are you? Hey congrats for Zynga
- http://www.feld.com bfeld
  
  Yup – I remember – thanks for reaching out. Hope you are making progress!
Pingback: Helen Matthews
Pingback: Set Up & Down Voltage Transformer
Pingback: payday loans online
Pingback: free natural girls
Pingback: แทงบอลออนไลน์
Pingback: Yeast infections in women
Pingback: แทงบอลออนไลน์
Pingback: distill alcohol
Pingback: kliknij tutaj
Pingback: on line canadian pharmacy
Pingback: Best electric shaver
Pingback: Las Vegas Pizza
Pingback: Pisanie prac licencjackich
Pingback: read more
Pingback: payday loans online
Pingback: distilling equipment
Pingback: Find the best real estate agents in Aspen Colorado
Pingback: Monsey
Pingback: stretch film
Pingback: Here it is
Pingback: used car scam
Pingback: e-Zigaretten
Pingback: Whiplash
Pingback: posicionamiento web malaga
Pingback: Phentermine 37.5 mg
Pingback: penny stock
Pingback: human hair extensions
Pingback: verify paypal account
Pingback: Pembroke pines dental
Pingback: DIY Nikola Tesla Secret
Pingback: search engine optimisation melbourne
Pingback: Foxy Bingo
Pingback: biker leather jackets
Pingback: not take
Pingback: african mango oz
Pingback: hotel furniture suppliers
Pingback: Two {key elements|important elements} {you must|you have to} establish {in your|inside your} relationship are mutual understanding and good communication. Unfortunately, some couples lose these {and become|and be} too {comfortable with|confident with} {ea
Pingback: wedding program template
Pingback: black teeth
Pingback: driving lessons chesterfield
Pingback: Ingles Dublin
Pingback: sony xperia z
Pingback: client gallery
Pingback: dating sites
Pingback: Islamic wedding dresses
Pingback: make money online
Pingback: medical practice marketing
Pingback: option package price
Pingback: sunshine
Pingback: advertisement offer only
Pingback: penny stocks
Pingback: hipster glasses
Pingback: see
Pingback: Kratom capsules
Pingback: wristwatches
Pingback: web cam model
Pingback: custom electronics
Pingback: dynamic wallpapers
Pingback: Free download
Pingback: find backlinks
Pingback: frases de cumpleańos
Pingback: massage therapy Warrenton
Pingback: Fashion clothing India
Pingback: buy amoxil amoxicillin online
Pingback: like-minded
Pingback: security guard training
Pingback: Bhoopathi Keshaw
Pingback: targeted website traffic
Pingback: colonie de vacances
Pingback: zyzz
Pingback: Joyjeet Shraddha
Pingback: Ideal rost
Pingback: How to Buy a Star
Pingback: GAMMA RAY
Pingback: very cheap auto insurance
Pingback: Weight Loss Supplements
Pingback: manual forex
Pingback: Saran Tupil
Pingback: Vijaya Gopivallabha
Pingback: freight software
Pingback: linux vps
Pingback: vps server
Pingback: best vps hosting
Pingback: vps hosting
Pingback: managed wordpress hosting
Pingback: Gemoglobin pri rake
Pingback: POTPOURRI HERBAL INCENSE
Pingback: HERBAL SMOKE BLENDS
Pingback: over here
Pingback: do penis extenders work well
Pingback: Business
Pingback: social bookmarking
Pingback: jaillissant
Pingback: Tucson personal injury lawyers Goldberg & Osborne
Pingback: soundcloud promotion
Pingback: best vacuum cleaners
Pingback: Trader Joe's Coconut Oil
Pingback: toronto lawyer
Pingback: logo design
Pingback: prescription drugs
Pingback: wedding venues
Pingback: start-up
Pingback: magic submitter
Pingback: bridal gowns
Pingback: affiliate marketing tips
Pingback: bridal dresses
Pingback: Google Sniper review site
Pingback: saint john villa
Pingback: plus size wedding dresses
Pingback: ankara escort
Pingback: ï»¿plantas purificadoras de agua
Pingback: Dentist pembroke pines
Pingback: pharmacy discount card
Pingback: hen night ideas
Pingback: cambogia garcinia
Pingback: alat peraga pendidikan
Pingback: Frederick Morris
Pingback: limo hire London , limousine hire London , limo hire , limousine hire , hummer limo hire ,London limo hire , London limousine hire ,
Pingback: Hair-Extensions-Brighton
Pingback: escorte girls
Pingback: plfinder.co.uk
Pingback: social media
Pingback: money matters
Pingback: good games
Pingback: Nicole Reese
Pingback: Jennifer Fleming
Pingback: Monique Morris
Pingback: netflix australia trick
Pingback: the tao of badass ebook
Pingback: mobility scooters
Pingback: Indian Breakfast Recipes
Pingback: St Clair Shores
Pingback: phen375
Pingback: big photographers
Pingback: seo company
Pingback: cheap tv ads
Pingback: designer wedding dresses
Pingback: tech humor
Pingback: wholesale flowers
Pingback: Our site
Pingback: cheap auto insurance in dallas tx
Pingback: Social Media Company Los Angeles
Pingback: free screensavers for windows 181
Pingback: Customized fat loss review
Pingback: dog pooping
Pingback: unlock iphone
Pingback: unlock iphone 5
Pingback: fat loss 4 idiots review
Pingback: iphone unlock
Pingback: irvine realtor
Pingback: generic cymbalta buy 20mg
Pingback: ï»¿yorkshire pudding recipes
Pingback: willow creek assisted living las vegas
Pingback: Implante dentario
Pingback: wholesale wedding dresses
Pingback: dreambox
Pingback: krav maga san diego
Pingback: ï»¿pearlsonly
Pingback: Florists Minneapolis
Pingback: website hosting reviews
Pingback: text the romance back
Pingback: Crescents Regina Neighbourhood
Pingback: guaranteed seo services
Pingback: pua training too expensive
Pingback: pua dating techniques
Pingback: ï»¿Great Hot Dog Vendor Business
Pingback: filtrowanie wody
Pingback: faxless payday loans
Pingback: does fap turbo work
Pingback: 1300 numbers
Pingback: gambling sites
Pingback: SEO Web Design
Pingback: sillas online
Pingback: gaziantep escort bayan
Pingback: we buy any car
Pingback: best time to buy a used car
Pingback: direct tv deals
Pingback: Romance Tours
Pingback: TOW DOLLY
Pingback: video
Pingback: Kamagra Oral Jelly
Pingback: precious metals ira
Pingback: sex problem
Pingback: wholesale wedding dresses
Pingback: sef bicagi
Pingback: personal loan Singapore
Pingback: Google
Pingback: herbal smoke blends
Pingback: Herbal Incense Potpourri
Pingback: legal buds
Pingback: Herbal Smoke Blends
Pingback: Marijuana Smoking Alternatives
Pingback: Herbal Smoke Blends
Pingback: Herbal Smoke Blends
Pingback: singapore nightlife
Pingback: payroll services
Pingback: Fast Logbook Loans
Pingback: Germán Piñeiro Vázquez
Pingback: home business ideas
Pingback: nova marcenaria telefone
Pingback: Herbal Smoke
Pingback: Medical Wigs
Pingback: buy facebook likes
Pingback: Bad Credit Loans
Pingback: articles on how to achieve different goals
Pingback: find a cell number
Pingback: Dreambox server
Pingback: American Made
Pingback: buy youtube likes
Pingback: muebles cocina torrelodones
Pingback: classes
Pingback: shipping container for sale
Pingback: Website
Pingback: click here
Pingback: back pain
Pingback: Website
Pingback: swinger club
Pingback: optometry office
Pingback: ISG
Pingback: care homes hawaii
Pingback: for more info
Pingback: acompanhantes sp
Pingback: traverse city hotels
Pingback: Website
Pingback: Genestra
Pingback: moneychoicefinance.com.au
Pingback: Life Cover Quote
Pingback: homeopathic
Pingback: slatwall panels
Pingback: bankruptcy lawyer el paso
Pingback: boston bankruptcy attorney
Pingback: skype hack software
Pingback: modeling job
Pingback: Jim Mosconi
Pingback: movie database
Pingback: furniture
Pingback: Norfolk
Pingback: Good School Great Basketball Team
Pingback: motorcycle carrier reviews
Pingback: Bart Baggett
Pingback: Vick Strizheus Big Idea Mastermind Creator Teacher
Pingback: Casket

Books

Books

Organizations

Organizations

FeldThoughts

« swipe left for tags/categories

swipe right to go back »

Warning To All Entrepreneurs About Bad Investor Behavior

Brad's Books and Organizations

Books

Books

Organizations

Organizations

FeldThoughts

« swipe left for tags/categories

swipe right to go back »

Warning To All Entrepreneurs About Bad Investor Behavior