"My little cousin could build and maintain this during after-school hours!"

So why didn't he?

I was wondering about this too... Can't see where those 3 millions go except maybe for marketing (and even then, it seems to be a bit high.... )

I'm sure some of it is still in the bank, but of the part that's been spent, a big share is people's salaries. They've been around over a year, and have 12 salaries to pay, including a management team full of former Microsoft and Expedia execs.

Having 12 people working on this full time is just as ridiculous as sitting on 3 mil...

If this service requires 3 million marketing dollars to take off, maybe indeed it's not that great of a product to begin with...