3 Founders, 1 Round & $.72 in the Bank

Nowhere in the post the actual earning of money is mentioned. Yes, I know, all startups these days care about users/eyeballs, but it would be refreshing to read about businesses that actually, you know, have a business model based on earning real money once in a blue moon

Good story, good moral. The understanding that <i>you</i> have to ask <i>them</i> is a tough one to swallow. I still don't know if I'm there yet - I sort of go on autopilot.<p>&#62; As founders, we have a disproportionate share of the upside of a business, but we also have a disproportionate share of the downside.<p>Disproportionate to what? You're the founder.

I don't know why everybody doesn't start doing a rolling close. If you close incrementally, you don't have to worry about one difficult investor holding up the whole round.

How are they different from Kinvey (Techstars company at <a href="http://www.kinvey.com" rel="nofollow">http://www.kinvey.com</a>)? I'm not a developer, so I'm judging solely on the tagline and design I saw in the first 30 seconds of being on both sites.

Wait, you "closed an oversubscribed round shortly after the events of this story"? How on earth was that pulled off? Was the $15,000 the signal other investors needed to get on board? I feel like I'm only being told half of the story here.