Why did no one at the bank said "this might not be the best idea" when the family told they wanted to sell their house to finance the new social media revolution?
Of course, most ideas fail. Most entrepreneurs are just proved crazy.
It is a lonely existence where even other entrepreneurs are unsupportive.
These guys have a nice PR piece on the BBC. That will give them a big temporary boost in traffic. Maybe not so crazy?
Like, when you want to lend money to open a restaurant in some places, a reputable bank should be able to tell you that xx% of restaurants go bankrupt within the next 2 years.
I am hoping that the "we sold our house and cars and everything else" is just some BS to get themselves some publicity because I dont see how their costs are so high that they need to spend so much money on it. With their low numbers they are hardly going to be paying massive sums for hosting their site.