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I have to really ask, "Why is this upvoted so much?" There aren't really lessons in here; it's just bitter drama.

by wheels 17y ago

vaksel 17y ago
people love a train wreck, + it has the lesson of being careful of who to pick for your cofounder, and about giving second chances to people who screw you over.
- wheels 17y ago
  I'd like to believe that this site is better than that – that it's not about watching train wrecks. The problem with picking co-founders isn't that people don't know it's important – it's that they ignore it anyway or don't know how to tell. It's about as useful as a surgeon general's warning on cigarettes.
  - callahad 17y ago
    Not train wrecks in general, but a very specific train wreck along the same tracks upon which many of us are traveling, or hope to travel.
brianobush 17y ago
Lesson: in the articles of incorporations, spell out the arbitration process and include clauses that prevent out of control behavior - like automatic forfeiture of company stock.
maxied 17y ago
This saddens me as well, as I was hoping this independent financing model would succeed. But I definitely see a few lessons here: 1. The need to have performance/milestone based equity sharing vs blindly giving a person 50% based on their POTENTIAL. 2. The need to have a checks and balance system that places control of the domain/trademarks in hands other than the programmer or developers. That way the person controlling the domain can have some control, while the developer has other control (passwords, access). And a third party/person who may control the finances. (Domain/Trademarks/Copyrights)+technology+finances. Like the checks and balances of Legislative+Executive+Judicial systems. 3. The need to repair or remove faulty systems/people at the first signs of unreliability.
wehriam 17y ago
There are lessons here! But no matter what your conclusion, I'd rather crash and burn than fade away. Cheers to Fundable and to making a stir.

I have to really ask, "Why is this upvoted so much?" There aren't really lessons in here; it's just bitter drama.

by wheels 17y ago

I have to really ask, "Why is this upvoted so much?" There aren't really lessons in here; it's just bitter drama.

people love a train wreck, + it has the lesson of being careful of who to pick for your cofounder, and about giving second chances to people who screw you over.

wheels 17y ago
I'd like to believe that this site is better than that – that it's not about watching train wrecks. The problem with picking co-founders isn't that people don't know it's important – it's that they ignore it anyway or don't know how to tell. It's about as useful as a surgeon general's warning on cigarettes.
- callahad 17y ago
  Not train wrecks in general, but a very specific train wreck along the same tracks upon which many of us are traveling, or hope to travel.

brianobush 17y ago

Lesson: in the articles of incorporations, spell out the arbitration process and include clauses that prevent out of control behavior - like automatic forfeiture of company stock.

maxied 17y ago

This saddens me as well, as I was hoping this independent financing model would succeed. But I definitely see a few lessons here: 1. The need to have performance/milestone based equity sharing vs blindly giving a person 50% based on their POTENTIAL. 2. The need to have a checks and balance system that places control of the domain/trademarks in hands other than the programmer or developers. That way the person controlling the domain can have some control, while the developer has other control (passwords, access). And a third party/person who may control the finances. (Domain/Trademarks/Copyrights)+technology+finances. Like the checks and balances of Legislative+Executive+Judicial systems. 3. The need to repair or remove faulty systems/people at the first signs of unreliability.

wehriam 17y ago

There are lessons here! But no matter what your conclusion, I'd rather crash and burn than fade away. Cheers to Fundable and to making a stir.