Similarly, I was briefly involved in a failed startup in college. We lost, at maximum, something like $20k.

I gained a lot of experience doing it and came out of it much better off skills-wise, increasing my value to future employers. It would be absurd to count that experience against me; being involved in a startup in university really should count in your favor. They almost all fail anyway.

But I don't come from obscene wealth so no one's gonna bother coming after me.