Five million dollars were lost. Unless you're speaking as a founder in the field, I'm finding this hard to believe. Five million dollars is about an entire Se

Five million dollars were lost. Unless you're speaking as a founder in the field, I'm finding this hard to believe. Five million dollars is about an entire Series A round. Or at least half of one. And a Series A round is supposed to last multiple years. Or at least a whole year. It's not chump change. And I've heard you're going to have no luck raising money at all if investors catch wind that you need it to survive. "Slightly less favorable terms" probably means the deal doesn't happen. See e.g. http://paulgraham.com/pinch.html http://paulgraham.com/pinch.html But I have no experience at that, so I admit I'm going off of hypotheticals and what other people say. EDIT: Also, that's five million dollars at current BTC prices. Bitcoin has only recently fallen to $300/coin. It was $600/coin not to long ago.