That's a nice inspiring story but please don't forget that there are losers when someone files for bankruptcy: "One of the partners screwed the other two and h

That's a nice inspiring story but please don't forget that there are losers when someone files for bankruptcy: "One of the partners screwed the other two and he had to declare bankruptcy." "Unfortunately, that one also failed. And he declared bankruptcy for a second time." Have you ever held large accounts receivable and had a customer file for bankruptcy? I have. Not everything is "startup lottery" using investors money to spread around the risk so really nobody gets hurt (in the way I am illustrating I mean). Edit: The losers in bankruptcy (in addition to the one filing bankruptcy) are the creditors. I'm not talking about Bank of America but the vendors that sell you food or the electrician who did work for you or the guy who sold furniture to you. Not knowing the specifics I don't know exactly who was hurt but there was most certainly someone who extended credit in good faith and lost something that now has to work harder to make up the money that they lost. (IN theory at least.)