You're right, I didn't want to broach enforceability issues but you're right.
If true it'd only further contribute to the adverse selection effect: the ability to easily shuck the obligation will do more to draw out people you don't want to invest in than to ring in superstars who otherwise might say no.
If true it'd only further contribute to the adverse selection effect: the ability to easily shuck the obligation will do more to draw out people you don't want to invest in than to ring in superstars who otherwise might say no.