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by accelanon 4670 days ago
The convertible note was for $40,000, so they definitely had the money to spend if they were fully serious. I think they just played hardball.

There's no real legal recourse. I asked my lawyer the instant it happened. And even if there were, what's the best outcome you could get? Work at the accelerator with investors who hate you?

The mentor was the co-founder of the startup who "acquihired" me from my first startup.

And totally agreed on your last point. For me, it was definitely a lesson learned. The even better lesson was that I was spending a lot of time hustling for the wrong things. Why should I be working so hard just to get $40k? What would an accelerator do for me that I couldn't do for myself? Now I'm bootstrapping while consulting, a much more sensible choice for most businesses.