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Correct me if I am reading too much into their response. But it sounds like they were at the tail end of closing a round of financing. The investors didn't lik
by gonepostal 16y ago
Correct me if I am reading too much into their response. But it sounds like they were at the tail end of closing a round of financing. The investors didn't like some of the startups in the current cohort so they made it a requirement that Bootup cut them from the program before the new round closed.
So instead of honoring their word they choose to take the money. Very poor business practice IMO.
- reitzensteinm 16y agoI should clarify that by "decent explanation" I meant one that would make me think, "oh, that's reasonable", not merely one that fits the evidence!
- realitycheques 16y ago"closing a round" could be code for didn't have the money when the intake offer was made and couldn't raise the money for all the startups... so picked and kicked to stay afloat.
- dustingetz 16y agoseems if they didn't take the money, everyone loses