What Clinkle Is and Isn’t Building

One can't help but question the wisdom of hiring multiple sales people to sell merchants on accepting a method of payment that has no users.

$30mil in VC money and nothing to show for it, but we're not in a bubble...

This is the most sardonic article about a startup I've ever read.

Nothing new in this article at all.

Remove the CEO. Start over. No one at 22 can lead; especially not one coddled by the Stanford/quasi-ivy/ivy-league system.

Remove the CEO.

Yes.

Start over.

Scrap it, especially the shitty name that is now a liability.

No one at 22 can lead

False. It's extremely rare to have leadership skills at 22, but not impossible. Joan of Arc died at 19.

especially not one coddled by the Stanford/quasi-ivy/ivy-league system.

It's not about Stanford. It's about the lack of grit and pain. It's also about a broken selection process that happens after college: the VC chickenhawk culture. For more, go here: http://michaelochurch.wordpress.com/2013/12/14/vc-istan-6-th... .

There are 22-year-olds who can start great companies, but they aren't likely to be found by chickenhawking VCs taking on midlife crisis proteges.