The Dangers of Gray Areas
Considerations for both entrepreneurs and investors
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The often cited excuse uttered by the soon to be convicted white collar criminal is, ‘I didn’t do anything wrong, I was operating in the gray area for god’s sake!’. Operating in the gray area probably kept the miscreant entrepreneur out of jail for longer than he deserved. For in reality the gray area is not usually a gray area at all, it is just a space that no one, including regulators and law enforcement, have paid much attention to, yet. But they always do, in the end.
This article explores whether the gray area really exists, whether entrepreneurs should consider operating in the gray area, strategies that can be followed and finally as an investor, how to protect the downside when investing in the so-called gray area.