This $50K investment went sideways. The lesson I learned was worth way more.

Name: This $50K investment went sideways. The lesson I learned was worth way more.
Uploaded: 2025-02-20T19:47:00+00:00
Duration: 1 min
Channel: Nate Kennedy
Description: A creator (appreciated-haze) recounts a 2012 experience where they wired $50,000 as a deposit to a charismatic founder promising a startup launch, only…

20 Feb 2025 · 1 min

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A creator (appreciated-haze) recounts a 2012 experience where they wired $50,000 as a deposit to a charismatic founder promising a startup launch, only to discover the founder used those funds (and others’) to run his own startup and then blocked the speaker. After months of fruitless pursuit the speaker frames the loss as a costly but valuable lesson: successful entrepreneurs recover quickly from losses and know when to "take the L" and move on.

Questions this video answers

2012.

$50,000.

Via wire transfer.

Chapters

Hey, back in 2012, I jumped headfirst into what seemed like the next big thing. And so I found this brilliant guy who was offering to launch it for me. His pitch was perfect, man. The demo looked amazing. The potential seemed unlimited. So I sent the guy a deposit via wire, which was $50,000. You know what I got for my money? Nothing. Nada. Zip. It turns out this guy actually used my money and a few others to fund his own startup. So I spent months chasing him online, sending emails, making calls, posting warnings. And all he did was just block me, right? Didn't matter. So I was wasting good energy in a bad situation. Now, I know people don't like to admit it, but sometimes in business, we just have to take the L. And the difference between successful entrepreneurs and struggling ones isn't that they never lose, it's really how fast they move on from those losses. Right. That 50k was an expensive lesson, but it taught me to know when to take the L and when to move forward fast.