[DyslexicAtheist]

i know an infinite number of people who got stiffed and have myself been on the receiving end plenty times. this isn't an accident it's the norm wit coked-up "fake it till you make it" start-up culture. 99% of the industry is toxic and it's not just entrepreneurs that fail but everyone who drank the cool aid ;)

[icedchai]

In over 20 years, I only ran into this with one startup. The founder ran out of money... twice. He was a nice guy so I gave him the benefit of the doubt this wouldn't happen again. Big mistake. It did... a few short months later.

The company was eventually "acquired" for pennies-on-the-dollar in a fire sale. Early investors got nothing. Of course, like many failed "acquisitions", this is seen as a success on his LinkedIn page.