It was making 7 figures and now it's worth $0? If the investments from VC didn't lead to anything, wouldn't the company still make 7 figures anyway and shouldn't it be possible to continue as it is?
yeah def not the whole story being told. this wouldve at least been a nice acquihire for somebody if it were a valuable business. if this founder ran a 7 figure business into the ground with no cash shortage pressure he cant blame VCs for that.