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Watch Out for VC Scams

Looking to raise capital? You could be a target for con artists. To avoid getting scammed, stay on the alert--and trust your gut.

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This story appears in the August 2007 issue of Entrepreneur. Subscribe »

It was just before Christmas 2006. Danny Nielson* was sitting across the table from a friend. They were talking about raising money for Nielson's growing business. Nielson described the contact he'd recently had with a potential investor. "I'm just not sure he's for real," Nielson told the friend. "He's asking for a deposit, so we're checking him out."

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