02/07/2012
Cuckoo capital
“I had the misfortune of raising cuckoo capital for my company” – complained an entrepreneur about his predicament. „Cuckoo capital?” – I asked back embarrassed about the feared gap in my investment education. Vulture investors I have heard of and even dealt with, but “cuckoo” sounded something more benign. Maybe it was behaving as a cuckoo clock, alerting the founder when it was time to pay dividends – I thought.