[refurb]

I still agree with mbesto's comment. Relative to a lot of places in the world, the US is incredibly tolerant of failure. A French/German friend from school (which was his first time in the US) told me how amazing it was and that you wouldn't see that kind of attitude in Western Europe.

[dkersten]

As a Western Europe counter-example, I recently lived through a startup failure and and our creditors are also being extremely supportive, both in the liquidation process and in our next ventures.

[ballard]

That's savvy b/c it's likely. The team, idea and execution can all be in tune but there's still that darn uncertainty of popularity.

Hope the team's still motivated to carry on; good teams are hard to come by.

(VC's are almost obsolete, unless they have mucho value-add: http://wefunder.com/)