To me it sounds more like &quot;We had no skills, no experience and no worthy advice. But we DID have $100K burning a hole in our pockets&quot;.<p>Literally &quot;Rule number 1&quot; of being a startup is &quot;Do an MVP and then test if it&#x27;s worth it to do more&quot;. $100K is one hell of an MVP.<p>A fool and his money are soon parted.