Bootup Labs' Danny Robinson: "I made mistakes. I was wrong. Lessons Learned."

Are you retarded or danny's brother or something? In this case the "error" was a serious and warning other entrepreneurs will help lots of entrepreneurs make better decisions in the future.

The only thing BootOut was ever any good at was social media PR... the rest has real value less than zero.

We all know there is entrepreneurial risk in new ventures, that's why funding sources for these ventures should be solid, not unstable funds run by individuals with no related experience and a history of business failures.

Bootup needs to act like a grown up.

1. Don't intake companies until financing is in the bank. 2. Have agreements for all intake companies before they start. A term sheet is not binding, and frankly, should only be used to reflect the business points in the agreement. Don't rely on it. 3. Recognize that they are dealing with unsophisticated entrepreneurs. Don't try to bullshit them with big words like "capital call." Help them help themselves. 4. Get more people on the board that understand investing. The principals are nice guys, but they are not bankable in the investing world. They need two more people like Boris Wertz on the board, not hide behind some bullshit advisory board. 5. The principals should take finance lessons.