Investors Are 'Fighting Like Drunken Sailors' Over Hot Startups And Letting Founders Get Rich Too Early — businessinsider.com

Venture Capitalists used to invest in startups so founders could build businesses. And if those businesses became successful, then the founders would make fortunes. In frothy times, however, that order of events occasionally gets jumbled. A few founders are raising millions and pocketing some of the cash before their businesses are proven.  As Business Insider reported in July, the founders of Secret took $6 million off the table during a $25 million funding round just six months after the company launched. Now, Secret has lost traction and it's pivoting its business.

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