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Comment by rdl

Absolutely.

The public information should say what the companies are doing, and how far they are (maybe just mention one or two milestones for each; you want to make each look good on its own metric), and maybe whether or not money is being raised, but the exact amount is probably bad, and quoting actual price (pre and post money, etc.), like a few of them do, is a really bad idea.

There are reasons not to do lots of explicit price quoting in the US market which wouldn't apply in Chile (US securities laws around a public offering), but there are plain salesmanship reasons to not quote a price before someone is interested. Any serious investor is going to know roughly in the range all of these companies need ($100k to $2mm), and the big rounds are probably going to be made up of multiple investments from independent investors.

parent rdl 14 years ago

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