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Yeah, they used all the money on themselves. A free learning period so to speak. But, I wouldn't want to do that with investors money, reputation might hurt the
by LukeFitzpatrick 12y ago
Yeah, they used all the money on themselves. A free learning period so to speak. But, I wouldn't want to do that with investors money, reputation might hurt them in the long run.
One of the guys is a product manager at Google now, another moved back to his home town. Only one of them is still doing the startup thing.
They definitely got a lot of experience, this only counts if they learnt from their mistakes. Which, I really hope they did.
- danieltillett 12y agoI hope the whole experience was a great learning exercise for everyone including the investors.
- crpatino 12y agoI think the key phrase here is "in the long run". Nothing that you said suggests that there's something going on besides an honest rookie mistake. And if you are not willing to loose some dime because a rookie did something that in retrospective sounded stupid... well, it doesn't seem you will enjoy Venture Capitalism very much. If and when these guys try to make a business model out of it, and there is a track of investor's money dilapidated in building technically sound products with zero market value... well, word can spread out pretty fast.