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Start-Up Blows Through $300 Million In VC Cash
- dbrush 19y agoHow not to not not start a startup...
- mrtron 19y agoImpressive. I actually know someone that started something similar to it in Toronto, and it resulted in a flop as well. http://www.dexit.com/ http://www.dexit.com/ It is basically toast from what I understand. On the other hand, MC's paypass seems to be excelling.
- PStamatiou 19y agogrr @ account-required news sites
- icky 19y agoSlice off the ?parameters from the article URL. :)
- drm237 19y agoSorry for the poor url. Go to the following for the full story: http://www.latimes.com/business/la-fi-paybytouch6dec06,1,6344497.story http://www.latimes.com/business/la-fi-paybytouch6dec06,1,634...
- jsmcgd 19y ago"The Pay by Touch saga is a cautionary tale about what can happen when investors allow an entrepreneur to have too much control, experts said." I would say its more a cautionary tale about investors giving an entrepreneur too much money. 600 employees before turning a profit!
- gscott 19y agoHe bought like CardService International that is a good one to own, he should have just chucked the whole fingerprint scanning idea and improved the companies he bought with the investor cash... if he wasn't so unstable.