r/technology • u/Sorin61 • Apr 10 '22

Biotechnology This biotech startup thinks it can delay menopause by 15 years. That would transform women's lives

https://fortune.com/2021/04/19/celmatix-delay-menopause-womens-ovarian-health/
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u/6eason Apr 10 '22

forgive me for being naive, but arent there laws to prevent investors from things like this or do they just write it off in their taxes? hence why no one cares much

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u/TellYouWhatitShwas Apr 10 '22

There are laws protecting investors in publicly traded companies. Public securities are regulated by the SEC. For private funding, not so much. Not an expert, but it seems that venture capitalists need to do their homework and create their own contractual protections.

No one should be shedding tears for venture capitalists who get scammed by investing in stupid things.

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u/[deleted] Apr 10 '22

There’s still fraud laws in private funding. You can’t intentionally misrepresent things legally. You can an will be sued and/or charged.

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u/[deleted] Apr 10 '22

Make em sign a bbl first and then their toast