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_tmel

Re:An 'Investor' Destroyed My Startup on Wednesday May 29, 2019 @02:03PM (#20043384)
I take fault for letting a bad actor in, which is why I’m sharing my case with everyone.
Re:An 'Investor' Destroyed My Startup on Wednesday May 29, 2019 @11:33AM (#20041353)
Yes, that sounds like the plan.
Re:An 'Investor' Destroyed My Startup on Wednesday May 29, 2019 @09:50AM (#20040111)
Traditionally, yes, but the investor insisted on clauses that were structured in a way for them to retain equity without being obligated to put in money.

An 'Investor' Destroyed My Startup

Let my experience serve as a valuable lesson to entrepreneurs - do your due diligence on investors.I spent a little over a year and $20,000 of my own capital building a FinTech software. It demonstrated a lot of interest and potential (E.g. a $5 B company was reviewing our product prior to launch to be a client) , but rather wrapping it up and getting revenue to raise money from Tier 1/2 VCs, I...

( Read More... | 43 comments | 39 points | on HN )