It sounds like things are going from bad to worse over at Clinkle with the latest news of a mass resignation.
If you've been in the Valley long enough, you've seen this movie before. Stealthco with no product and no track record raises a silly round from top investors. Company flounders. Social media erupts with "serves them right" posts, and every other entrepreneur who has struggled to raise from the same investors has a wtf moment.
Now I don't know the Clinkle team, and certainly don't take any pleasure in their presumed failure. Startups are hard, and almost all of them fail. And how can you blame them from taking down a monster round from A list investors? Who among us wouldn't do the same if given the opportunity?
But here is one takeaway for the entrepreneurs out there. The next time you walk into A16z's or Accel's offices and you see all those framed IPO certificates on the wall, keep your swagger. Stride with confidence into your next 1 or 5 or 25 meetings, and brush off the inevitable rejections.
As smart as those firms are, they make massive mistakes all. the. time. So what if they didn't get your biz. It just takes one. And remember, those same smart, dismissive partners who didn't get your business invested in Clinkle.