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Not only did these dopes cash in big, they went out and bought an actual Ferrari to wave in the faces of their employees and the rest of the industry. Rule number one if you do a big hit is to keep your head down and not do any conspicuous consumption. When they shut the company down shortly after raising all this money, Bill Maris, then the head of Google’s venture capital arm, said, “It’s like a bank heist. I think they should return all the money.”
Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000
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