Here's a quick(ish) summary: * He was able to raise about $1 MM in 8 days because he built up good relations with investors over the years. * He didn't get as

Here's a quick(ish) summary: * He was able to raise about $1 MM in 8 days because he built up good relations with investors over the years. * He didn't get as good a deal as he could have from his investors because: as a first time entrepreneur he didn't have enough leverage + he needed to move fast + he didn't want to lose the deal. * His board pushed him to sacrifice revenue for growth. * Lack of revenue forced him to seek another round of funding. * When, at the last minute, a VC dropped his deal, all the others walked away too. * When he sold his company, his investors made a small profit, but he was "flushed out" because of the deal he made when he got his funding. Bottom line: He protected his investors. His investors protected themselves. No one went out of their way to protect him, the entrepreneur. Still, none of this soured him on entrepreneurship.