J.K. Dineen of the Chron has a story about a unicorn billion dollar start up buying vacation property in Napa and Sonoma but claiming to be PLUR.
He wrote me back a four word exegesis: diversity in the workforce ie if P- targets gays.
My reply:
1) the name of the company falsely trades on the name of an unrelated great artist, other than if they are saying Cubism or collage are like fractional interests;
2) fractional interests tend to devalue property not increase it;
3) LLCs and limited partnerships are longtime tactics in buying commercial property, although you yield control to the GP. The GP as a venture-backed or publicly traded company would worsen the effect. Its a bad investment of $600,000.
4) inherent to any start up is the lie regarding creation of wealth; there is nothing about this idea that rationalizes the valuation;
5) its a pyramid scheme on two levels, stupid people bailing out smart money;
6) the private life or sexual orientation of Austin Allison is irrelevant.
Plastic Alto with Mark Weiss 