Business

What to Think, Ep. 6: When funding is actually bad for your startup

Image Credit: J. O'Dell / VentureBeat

Chris Chen, founder of Like.fm and Instapainting, was a budding developer with interesting ideas and a Y Combinator acceptance letter. Then Yuri Milner gave him $150,000, and it all went downhill from there.

Join us as we discuss the news of the day — founders behaving badly, hackers behaving like hackers, and investors giving 20-somethings way too much credit. Literally.

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1 comments
Chris Chen
Chris Chen

I'd like to add that it wasn't StartFund or Y Combinator's fault. The deal they gave was amazing and ultimately opened many more doors for me. Most of the inefficiencies was because of inexperience. Inexperienced founders should have money and power throttled, due to false signaling.


Running out of money accelerated the learning experience, and it wasn't a coincidence that as soon as I had no money to pay next month's rent that my new startup, http://Instapainting.com, managed to make over $40k in 3 months.