
It was one of my most painful learning experiences as an entrepreneur. Around 3 years ago I was invited to be an investor/co-founder in a mobile startup. We were four people. The resumes of my co-founders were dazzling - Ivy League degrees, corporate stalwarts, multiple successful ventures. I signed up immediately. I also proceeded to make the most sizeable investment I've ever made (not my usual fare as a passionate proponent of bootstrapping and minimum seeding) We met once a week. On Skype. There was no one fulltime among the founders. The company was everyone's second or even third priority. The deadlines were soft, chewy, and unaccounted for. We were burning money … [Read more...]








