"The entrepreneur hangs up the phone in a state of shock. A week ago in a board meeting, no one said anything about shutting down the company. She thought that her investors were getting a little antsy but were fundamentally still behind her. She calls the investors “stupid, arrogant bastards who don’t get it” in her staff meeting–conveniently forgetting that she’s missed three years of forecasts by 90% and has burned through $3 million."

OPEN Forum by American Express OPEN  » Blog Archive Plan B for Fund Raising