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Actually, I'm not sure your lesson #1 applies in this instance. They GAVE BACK the extra.

• ChuckMcM 11y ago
  True they gave back the extra, but their startup is dead. The impact of too much money raised is a lack of focus, after doing so much on so little, it is easy to feel like you can do anything with a huge pile of money. And instead of accelerating the current thing out the door, a half dozen new things get started which slows everything down. You can see this on kickstarter campaigns where there are "features" that are added if they get more money, but often the features are much more costly to implement than the delta in money between not-implement and implement. If you've been in that situation before you recognize they are setting themselves up bruising.