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.

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???