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RE: When Too Much Money Leads To Bankruptcy (The Pay By Touch Story)
I give you the point that having excess money when starting a business is risky, because you generally lose your purpose and desire because you have great financial support. Too bad what happened with that company, because it had (and has) that idea great potential.
As a startup, too much money at the beginning doesn't often help to manage cost and doesn't often make the business owner focused on the long run rather they focus on the funds available and how they can spend it.