Film Review and Lessons Learned from ‘Startup.com’

Posted by parker on Monday July 14, 2008 @05:16PM
from the socialbias.com dept.

http://www.socialbias.com/film-review-and-lessons-learned-from-startupcom/

( 4 comments | 10 points | on HN )

Re:Film Review and Lessons Learned from ‘Startup.com’ by felipe on Monday July 14, 2008 @07:09PM (#246210)

And ironically the only one who actually made money out of this whole deal was the guy who jumped out of the ship at the early beginning...

[ Parent | on HN ]

Re:Film Review and Lessons Learned from ‘Startup.com’ by parker on Monday July 14, 2008 @07:20PM (#246217)

You're exactly right. They paid the third founder $700,000 to go away after their Series A. Smart, but I actually didn't respect him leaving his friends out to dry and forcing them into awkward conversations with their investors. I guess that lesson is make sure your founding team is committed before you dole out the stock certificates :).

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Re:Film Review and Lessons Learned from ‘Startup.com’ by d0mine on Tuesday July 15, 2008 @08:38AM (#246596)

Just on their ideas alone they were able to raise a Series A round of $18.4 Million from A-list venture capitalists. I was blown away by that fundraising process. With a couple of handouts and some smooth talk from an obviously intelligent CEO, they were able to raise all that money. No product. No prototype. No mockups. Just ideas.

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Re:Film Review and Lessons Learned from ‘Startup.com’ by BRadmin on Monday July 14, 2008 @07:47PM (#246229)

i love when the competition shows up to spec out the place and they make him put a GovWorks hat on.

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