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Story Of a Founder Who Burned Through $21M While His Social App Fling Crashed (businessinsider.com)
London-based social media app Fling, which never brought in any revenue, burned through $21 million in less than three years. According to a Business Insider report, the founder splashed out on 1st class flights, Ibiza hotels, and Michelin-star restaurants (Editor's note: The link could ask users to disable their adblockers; alternate source. From the report: In early July 2015, temperatures were rising in the boardroom on the top floor of a 12-story office block in Hammersmith, West London. Marco Nardone, the 28-year-old CEO and founder of social media app Fling, had called an emergency meeting the day after his app was removed from the App Store by Apple for being too similar to the notorious Chatroulette platform. The atmosphere was tense and Nardone was furious, three former employees said, because his COO, Emerson Osmond, had gone behind his back. Specifically, he was angry because Osmond had told Nardone's assistant not to order tents for the office that would allow staff to sleep by their desks and work around the clock to get Fling back onto the App Store, a former employee told Business Insider. Nardone shouted and swore at Osmond before squaring up to him as if he was about to do something more, said two former employees. [...] On the day, Nardone asked staff to work late so they could address the issue. The CEO turned up in the middle of the night with two women that staff had never seen before and took them into a room, according to three former employees.
1st class flights, Ibiza hotels,and Michelin-star restaurants.
The rest was squandered I suspect
oh, don't be so cynical. i'm sure a good chunk of it went to hookers and coke.
"They were pure niggers." – Noam Chomsky
The two women confirmed that he was up all night.
#DeleteFacebook
Homer: Sir, I need to know where I can get some business hammocks. ...that's on Third.
Scorpio: Hammocks? My goodness, what an idea. Why didn't I think of that? Hammocks! Homer, there's four places; there's the Hammock Hut, that's on Third.
Homer: Uh-huh.
Scorpio: There's Hammocks Are Us, that's on Third, too.
Homer: Got it.
Scorpio: You got Put Your Butt There...
Homer: Mm-hmm.
Scorpio:
Homer: Yes.
Scorpio: Swing Low Sweet Chariot...
Homer: Right.
Scorpio: Matter of fact, they're all in the same complex... it's the Hammock Complex, down on Third?
Homer: Oh, the Hammock District!
He's getting rather old, but he's a good mouse.
This guy has what it takes to be a future banking exec, pharma exec, or a US senator. He'd better immigrate now, before the US builds a wall on its border with the UK.
Apps that app other apps get apped!
Apps!
A narcissistic douche in love with himself, a fondness for hookers, burns through money and leaves a trail of debt and bad business in his wake. He should run for office.
They don't like my add blocker and I am not turning it off for them.
Perhaps if you used a subtract blocker instead....
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~ People that think they are better than anyone else for any reason are the cause of all the strife in the world.
The first one is with women, and it is the most enjoyable.
The second one is with gambling, and it is the fastest.
The third one is with engineers, and it is the safest.
It seems that mr. Nardone, to be 100% sure of the outcome, used all of them.