What Happens to The Founder of a Company Backed by Angel Investors if the Company Fails?

I remember a Christmas when I was in grade school, and my mother told me that one of my gifts was “ten feet long”.

Turns out it was a basketball hoop. Nice, Mom.

Sometimes, are perception of what is true is far different that reality, and unfortunately that happens when a business fails. A founder simply can’t fulfill the vision that was presented to the investors- maybe because the founder’s perception of the market, customer needs, and competitors is not the true reality.

No one’s fault, Business is tough, and starting a business from scratch can be brutally hard. (It has been for me, anyway….am I the only one?)

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What Is The Hardest Truth Of Economics?

Complexity can kill.

I saw it 20 years ago, and I’m seeing it today, and it’s one of three hard truths about economic and finance. Here’s what I mean:

So I was working out at the gym today, and CNBC had yet another story on Coinbase, which is a marketplace where Americans to buy and sell Bitcoin, the virtual currency. The price of Bitcoin has increased sharply in recent months due to rampant speculation. Am I the only person who’s not making a fortune owning Bitcoin?

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Why Do So Many Startups Fail?

So, I’m trudging down the hall of “Acme Hotel” at 11pm on Thanksgiving night with my family and our luggage. I drove five hours to get to Thanksgiving dinner, I ate and drank quite a bit (driver was sober- not to worry), and all of us just wanted to go to bed.

I noticed some smashed chips on the floor of the hall- they looked like Doritos, I thought. We enter the hotel room and my son pulls the folding bed out of the couch.

And there’s a small pile of chips in the bed.

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