I invested in Ikaria and feel like someone should speak up here. I was early investor with Chrys Bader previously on his startup Secret. He was a YC batchmate of mine from 2008. I watched him build an initial prototype that had the chance to be a real social network that had very high long term retention, but in the end the company didn't invest deeply enough into moderation and the long term retention cohorts went d…
Given that Badger and his cofounder Byttow famously pocketed almost 20% of the total investment in Secret ($3M each on $35M) shortly before shutting it down[0], what assurances do you have that he’s just not going to pocket the investment again instead of using it to improve the company?