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In over 20 years, I only ran into this with one startup. The founder ran out of money... twice. He was a nice guy so I gave him the benefit of the doubt this wo
by icedchai 4y ago
In over 20 years, I only ran into this with one startup. The founder ran out of money... twice. He was a nice guy so I gave him the benefit of the doubt this wouldn't happen again. Big mistake. It did... a few short months later.
The company was eventually "acquired" for pennies-on-the-dollar in a fire sale. Early investors got nothing. Of course, like many failed "acquisitions", this is seen as a success on his LinkedIn page.