Bootup Labs: Wertz joins board, first funding completed, portfolio reduced

From the previous thread....

"I was just getting the $100k off of the Bootup website, I understood that we got $150k, but that $50k went back to Bootup"

Is this spelled out somewhere on the website? I might have missed it.

So this is suppose to explain what these guys went through? http://livejamie.com/post/522093261/booted-out-of-bootup-lab...

this is spin control, they couldn't raise money so they chopped. How are theses guys supposed to help you raise moeny if they can't raise it for themselves???