Special Note: Charity and the Company
While an individual’s or company’s involvement in charity work is not usually included in investment due diligence, the topic is added here in the event that you have ALREADY invested with Andrew Jang.
Through present and past business ventures, Andrew Jang has participated with various charitable or non-profit organizations. While his company is not registered as a 501(c) charity or non-profit, he has allied himself with 501(c) organizations for purposes of raising funds and promoting his own business venture.
As admirable as this may seem, his past practice of positioning himself between the Donor and the Charity has caused him, and his company, to fall under close scrutiny. This impacts the investors. Therefore, in your due diligence, you may want to explore whatever charity causes he and his company are involved with. Of particular concern should be any practice whereas the founder or the company is directly involved in the transfer of funds from the Donor to the Charity.
Particular attention should also be paid to any accounting practice of using company funds (your funds) to make direct donations to charities.
While this can certainly be a legitimate practice as an investor you have the right to know how donations are being properly accounted for as well as reported to the appropriate tax authorities.
This presents more questions for due diligence that should be addressed openly by the founders.