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December 31, 2013 08:20 am GMT
Thanks to a series of high-profile exits and a generally frothy financing environment, it's not unusual to see successful entrepreneurs spending money at will. But the story of MotionLoft founder Jon Mills could serve as a cautionary tale that things are not always as they seem, especially for unsavvy investors drawn to a big payout.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RTi4DQLI2PU/
Silicon Valley Hustle: Former Motionloft CEO Accused Of Defrauding Investors
Thanks to a series of high-profile exits and a generally frothy financing environment, it's not unusual to see successful entrepreneurs spending money at will. But the story of MotionLoft founder Jon Mills could serve as a cautionary tale that things are not always as they seem, especially for unsavvy investors drawn to a big payout.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/RTi4DQLI2PU/
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