Why would you invest $50, 000 in a company that was extremely overvalued at the time?
You invested $50, 000 in a company that had very little Revenue, very little cash on hand, little assets, a couple patents that weren't even their most valuable Technology, and had a valuation of around 50 to 75 million dollars?
If I recall, the most assets the company has had at any given time was approximately 5million in cash.
You paid a 10X premium on their cash...that's your fault.
sounds to me like the company is not the one to blame, perhaps the investor who didn't do enough to diligence to understand how to properly valuate a company to make a reasonable investment.
Misplaced anger and frustration at your own miscalculation.
It's normal. But you may want to research better investing methods.
Do DD.
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