[throwaway1o24]

Ah, the delightful Nikita Bier is featured as a success story using this tool. I was in a business incubator with this guy, he was the biggest scammer I have ever met. He took hundreds of thousands of money from the Knight Foundation for a business he never planned to build. Scrapped the company, then sold a bunch of addictive teen apps to Facebook

[bier]

Some corrections to your claims:

- Knight Foundation invested $120,000 as a convertible note

- They received 2.75x return on their investment

- The entity stayed the same between pivots: the company was never "scrapped"