This was well before I worked here. We were still college students at the time and he actually received a seed round of investment from a young angel-firm. The

This was well before I worked here. We were still college students at the time and he actually received a seed round of investment from a young angel-firm. They were the ones who advised he worked with said company, so he thought they knew what they were talking about. Long story short, a partner was friends with the owner of this 'development firm' that ultimately created this mess. Just another example of how bad advice and bad investors can kill your startup before it even gets started.