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The dangers of 'pass the parcel' among venture capital funds

Pass the parcel is an English children's game in which children, sitting in a circle, pass a package until the music stops.

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The dangers of 'pass the parcel' among venture capital funds

Pass the parcel is an English children's game in which children, sitting in a circle, pass a package until the music stops. Whoever has the box at the moment of silence must break the wrapper and see if there is a surprise inside. That is to say, it is a diversion similar to that of musical chairs.

In addition, in Anglo-Saxon financial jargon, the operation in which an investment fund sells one of its investee companies to another fund is known as pass the parcel. Sometimes the buyer is in for unpleasant surprises if the music

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