Film Review and Lessons Learned from ‘Startup.com’(socialbias.com)
socialbias.com
Film Review and Lessons Learned from ‘Startup.com’
http://www.socialbias.com/film-review-and-lessons-learned-from-startupcom/
3 comments
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...
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 :).
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.
i love when the competition shows up to spec out the place and they make him put a GovWorks hat on.