I agree that the author seems very nonchalant about this. He made rookie mistakes that were completely unnecessary. The project was essentially dead from the ge

I agree that the author seems very nonchalant about this. He made rookie mistakes that were completely unnecessary. The project was essentially dead from the get-go because they had no idea how much money they needed to raise. The financial projections were comical. Thinking 500k is an nearly unlimited amount of money is shockingly naive for somebody who already has 5 people on the payroll from their existing business. That said I think some perspective is necessary. Businesses of any size squander money every day of the year. So does the government, obviously. When a billion dollar business squanders $100M on a boneheaded idea nobody blinks an eye. Even though that money could have gone to employees or shareholders. When government projects go way over budget we don't care, because it's par for the course. It's only when tiny 5 people shops mess up that we become judgmental. I don't think that's right. Squandering 500k is bad, but the 2008 crisis wiped away trillions. Countries start trillion dollar wars on the flimsiest of pretense. Lousy CEOs crash billion dollar companies. In the big picture, a 500k mistake just isn't that big of a deal.