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There are many options for mobile app debugging / analytics already, I feel like these founders just want to start something... anything... Maybe it's time to t
by seibelj 10y ago
There are many options for mobile app debugging / analytics already, I feel like these founders just want to start something... anything... Maybe it's time to take some time off and reflect? I've never started a company so I don't know these things, but it seems like a desperate move to me.
- melvinmt 10y ago> I feel like these founders just want to start something... anything... Wantrepreneurship... I've been there too. Taking some time off is definitely the best cure but $1.8M in the bank is very tempting to keep diving into anything as long as you can keep deluding yourself you're working on the next big thing.
- ams6110 10y agoI don't understand why the investors would not take the $1.8M back once the idea they invested in was shut down.
- brianwawok 10y agoI guess they value the founder more than the money? Their lottery ticket already failed, this is a pure free bonus round.
- gumby 10y agoYou know that standard VC advertising line "we invest in the team"? It's not always bullshit. And if you've already seen the team in action and like how they make decisions you're better off effectively giving a known quantity a new $1.8M investment (with zero transaction cost) than taking a flyer on not only a new business idea but a new team as well.