Man, now I feel really bad for exploiting all those 20 year old Stanford and Berkeley kids by handing them millions of dollars to see if they can get their ideas to work.
From now on, y'all are on your own -- good luck!
From now on, y'all are on your own -- good luck!
"Handing" it to them would be if you didn't get equity or anything else in return.
(Ignoring the use of convertible debt, which is really just a hack to benefit everyone).