Arrington mentions 2 ways to look at it (both from the investor perspective), but there's a third - entrepreneurs raising a stiff middle finger to investors who

Arrington mentions 2 ways to look at it (both from the investor perspective), but there's a third - entrepreneurs raising a stiff middle finger to investors who have fucked them over (or tried to). I'm not saying it was the case with Gowalla, nor am I saying all VC's are assholes. Just saying that it it's another motive for deals like this.