About four years ago, a client brought the idea of investing in an early-stage technology company to Lance Paddock, CEO of Thompson Creek Wealth Advisors in Baton Rouge, La. It was the beginning of a roller coaster ride.
“We talked about whether the company can survive,” Paddock recalls. “Will the opportunity end up being hugely profitable? There were several interesting partnerships that could have rolled out the technology on a big scale, and then they rolled it out but didn’t really drive the sales, so the technology wasn’t in products all over the country. Sales were slow and they were burning through cash.”
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