[exogeny]

While I agree that I would also take the money, I disagree with the implicit argument that raising money in and of itself is a milestone with applauding. I also disagree that I'd end up taking that much - hindsight of course being 20/20 - since it obviously proved to be a difficult hurdle for them.

A large fundraise that doesn't have a very specific purpose or product milestone attached to it is a time bomb, and in many cases (Secret, YikYak, etc.) a bear hug that they can't possibly escape.

If you want to make the argument that Ryan didn't necessarily know how much runway he needed to build the vision he had, fine, but again, I don't think that excuses him from the consequences of that decision.