I don't agree. If Investors were dumb enough to add so much money to the seed round of this turd, they should (and will) learn better by losing all their $ than to ask for it back. VCs gave tons of $$$ to Color, to Secret, etc... and its all gone. Although they all love to say 'you can only lose your money once'...
I like the irony of that photo it was like he should have known at that point investing in Clinkle was like burning his money.
friends don't link friends to forbes posts. ^_^ not gonna disable adblocker, looks like gonna have to skip.