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I'm not sure where you're from, but nobody is living like a king in NYC (or most any other major US city) for that amount of money. Also, if you compare the ~$
by jimboyoungblood 16y ago
I'm not sure where you're from, but nobody is living like a king in NYC (or most any other major US city) for that amount of money.
Also, if you compare the ~$90k they've raised so far with some recently VC funded social media startups, all of a sudden it won't seem "obscene"- in fact it seems positively lean and scrappy.
- rick_2047 16y agoThose startups are going to give the VCs back something. They will make profit. But this is something which will not be making profit. Its a non profit thing and the people pledging money will not get a penny out of it (may be some rewards but that's for major investors. I admit the over exaggeration on the "living like a king" part but I fail to see any analogy with VC funded social startups and this