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Having many partners in a business venture is not evidence of lacking personal capital.




Sure it is...

Business 101: Why work with a bunch of pain-in-the-ass 'equals' when you have the cabbage to hire sheep to do your bidding for a lot less money? Unless you're going into it as a vanity project that won't earn any green...





You have no idea of the captial outlay, the ownership percentages involved, how the operations of the organization work, etc.

Based upon your theory no one would solicit investors.


Riskng other people's money on your ideas and sweat to make your fortune isn't the worst of all possible plans.



C'mon, get real... If someone with cash wants to start a business, they do. They don't hook up with partners, because there's no advantage to it. The tax implications of a partnership alone make them rediculous.

If you thought you were going to buy the winning lottery ticket, would you line up investors? Or would you buy the ticket yourself? Business is the same.

People solicit investors (stockholders) for three reasons. (1) They don't have the capital required to launch themselves, or (2) they are not sure the concept is going to be successful and they want to hedge their bets, and (3) They are looking to cash out at the top of the growth curve.

Which reason was Mannings? Since he's just getting started, it is either #1 or #2. In either case, in Scottsdale they're call him a douchbag 30K milli.