{"id":43083,"date":"2019-10-23T10:50:14","date_gmt":"2019-10-23T08:50:14","guid":{"rendered":"https:\/\/newserver.fyb.de\/rheingau-founders-in-conflict-with-its-own-backers\/"},"modified":"2019-10-23T10:50:14","modified_gmt":"2019-10-23T08:50:14","slug":"rheingau-founders-in-conflict-with-its-own-backers","status":"publish","type":"post","link":"https:\/\/www.fyb.de\/en\/rheingau-founders-in-conflict-with-its-own-backers\/","title":{"rendered":"Rheingau Founders in conflict with its own backers"},"content":{"rendered":"<p>Berlin \u2014 The start-up inves\u00adtor <strong>Rhein\u00adgau Foun\u00adders<\/strong> is in a tangi\u00adble conflict with its own backers. As repor\u00adted by the busi\u00adness maga\u00adzine \u2018Capi\u00adtal\u2019 (issue 11\/2019, EVT Octo\u00adber 24), one of them is the venture capi\u00adta\u00adlist <strong>Born2Grow, which is finan\u00adced by Lidl foun\u00adder Dieter Schwarz<\/strong>. Seve\u00adral inves\u00adtors are conside\u00adring lawsuits. Born2Grow is also nego\u00adtia\u00adting a complete exit and sale of its invest\u00adments. The dispute was sparked by fund fees that Rhein\u00adgau Foun\u00adders deman\u00added from its financiers.<\/p>\n<p>The foun\u00adders of the startup fund had come into money in 2014 through an early invest\u00adment in food deli\u00advery service Lieferando. They then began to build their own compa\u00adnies and formed an inves\u00adtors\u2019 club. In addi\u00adtion to Born2Grow, the members include entre\u00adpre\u00adneurs such as <strong>Corne\u00adlius Boersch <\/strong>and the<strong> Mende family<\/strong> from Karlsruhe.<\/p>\n<p>A dispute arose as early as a year ago when Rhein\u00adgau Foun\u00adders char\u00adged its inves\u00adtors for start-up invest\u00adment costs, such as tax advi\u00adsors and audi\u00adtors. What was unusual was that the fund also clai\u00admed costs retroac\u00adtively \u2014 in some cases for a period of five years. Born2Grow, for exam\u00adple, was to pay a quar\u00adter of a million euros in fees. Some inves\u00adtors \u2018Capi\u00adtal\u2019 spoke to refu\u00adsed to pay. The reason given: The suddenly accruing claims were too high and in part alre\u00adady time-barred.<\/p>\n<p>Rhein\u00adgau Foun\u00adders part\u00adners Phil\u00adipp Hart\u00admann and Tobias Johann, on the other hand, call Born2Grow\u2019s beha\u00advior \u201cunpro\u00adfes\u00adsio\u00adnal.\u201d The costs had been fixed in the contracts. Born2Grow had alre\u00adady taken the Berlin foun\u00adders to court at the time. Before a verdict was reached, the parties reached an out-of-court sett\u00adle\u00adment. Now, new lawsuits could be on the horizon.<\/p>\n<p>There are further points of conflict between inves\u00adtors and the start-up fund: Seve\u00adral Rhein\u00adgau inves\u00adtors complain that they have been inade\u00adqua\u00adtely infor\u00admed about the busi\u00adness deve\u00adlo\u00adp\u00adment of their start-up invest\u00adments. One inves\u00adtor even got into trou\u00adble with the tax office because docu\u00adments were miss\u00ading. Rhein\u00adgau Foun\u00adders dispu\u00adtes this, saying the fund has always \u201cfully complied\u201d with all report\u00ading requirements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berlin \u2014 The start-up inves\u00adtor Rhein\u00adgau Foun\u00adders is in a tangi\u00adble conflict with its own backers. As repor\u00adted by the busi\u00adness maga\u00adzine \u2018Capi\u00adtal\u2019 (issue 11\/2019, EVT Octo\u00adber 24), one of them is the venture capi\u00adta\u00adlist Born2Grow, which is finan\u00adced by Lidl foun\u00adder Dieter Schwarz. Seve\u00adral inves\u00adtors are conside\u00adring lawsuits. Born2Grow is also nego\u00adtia\u00adting a complete&nbsp;[\u2026]<\/p>\n","protected":false},"author":2,"featured_media":43097,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"footnotes":""},"categories":[886,1364,1366,1388],"tags":[],"class_list":["post-43083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-en","category-featured-en","category-news-en","category-shortcuts-en"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rheingau Founders in conflict with its own backers - FYB Financial Yearbook<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fyb.de\/en\/rheingau-founders-in-conflict-with-its-own-backers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rheingau Founders in conflict with its own backers - FYB Financial Yearbook\" \/>\n<meta property=\"og:description\" content=\"Berlin \u2014 The start-up inves\u00adtor Rhein\u00adgau Foun\u00adders is in a tangi\u00adble conflict with its own backers. As repor\u00adted by the busi\u00adness maga\u00adzine \u2018Capi\u00adtal\u2019 (issue 11\/2019, EVT Octo\u00adber 24), one of them is the venture capi\u00adta\u00adlist Born2Grow, which is finan\u00adced by Lidl foun\u00adder Dieter Schwarz. Seve\u00adral inves\u00adtors are conside\u00adring lawsuits. 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