3 ms·
Extremely gross that he pocketed $3.7m but asked his investors to walk away from their $800K, because he needed to meet his financial "goals." This is the flip
by ponker 6y ago
Extremely gross that he pocketed $3.7m but asked his investors to walk away from their $800K, because he needed to meet his financial "goals."
This is the flipside of all of the VC deals that completely fuck over the founders.
- sequoia 6y agoDo you imagine the VCs had to sell all their clothes and are now walking around wearing barrels held up by leather straps, before they retire for the evening to a cardboard box over a steam vent? You really think they had to cut back their Dom Perignon budget over this loss? Do you think they were "strongarmed" by this investor? There is what is for them a teeny tiny pie, and rather than demanding their small slice back they said "you know what? Go ahead without us. Bon Appetit :)"