Was at an event and this guy from a Middle Eastern Soverign Fund seemed interested in investing. I felt a bit iffy since he didn’t seem to really understand the space, but from what I can tell he seems legitimately interested in the product. Has anyone received money from these guys and how did it go?
Questions
Anyone dealt with Middle Eastern Soverign Funds?
3 answers from the community
A· Jul 22, 2014
This question is useless without specify which ME sovereign fund in particular. Just like how American investors aren't identical, Middle Eastern investors are also not a monolithic group.
A· Jul 22, 2014
Us confirmed five pillars Muslims get Ramadan off after such an investment pbuf (praise be upon fund)
A· Jul 30, 2014
We get these requests every few months. I was amazed with the tactics these guys used, so I started the conversation with one of them. They promise you a lot of stuff, as long as you give 10-14% yearly dividend in return. When I got to the point of asking detailed questions, he was slowly backing off.
One advice: money usually doesn't come to you, unless you're past some serious funding rounds.