WSTI had no money. Dan was attempting to fund it through raising money from ImpactPPA. That did not turn out as he had planned. Whatever money has been spent on the traveling etc did not come from WSTI but from the seed money that was raised in Impact and other investors along the way.
He honestly felt he could raise the money this way, but many of us felt it would be difficult. He did not pivot fast enough to try something else.
I think everyone is pissed right now until we hear a plan of sorts that makes some kind of sense. No one is sugar coating anything.
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