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Charles Lax

GrandBanks Capital

This Reviewer Says They Received Funding
Authority to Write Check:
Yes
Review Rating

2.25

1

How Well Do You Know This Investor?

Had one meeting with this investor

1

I interacted with Charles briefly in describing my company overview in the process of booking a pitch. Charles is clearly highly intelligent, and made comments that demonstrated he understood and was enthusiastic about our business model, but these qualities were completely dwarfed by the needs of his ego. He had a compulsive need to interrupt, condescend, and boast about his past ventures, even interrupting the first sentence of responses to his questions. At its worst, in asking what our target early valuation was (which for the record was modest) Charles audibly snorted and boasted about how he had every intention of controlling the company at one third of that valuation, including controlling the board and removing anyone who disagreed with him (including past seed investors) with his "team of lawyers". Rather than accepting Lax's invitation to pitch we agreed some desert animals were brightly colored because they were truly poisonous, and we would rather not have him on our cap table under any terms.
Verified Investor Response:
Understands Market:
Responsive:
4
Respectful to Founders:
Decisive (Quick to Decision):
Adds Value:
3
Sharp/Pushes Thinking:
Cares About Equality:
I Trust This Investor:
1
No BS (Delivers):
Would You Recommend This Investor?
1
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0

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