Correct and Correct...   flexcoin is backed by Yooter Interactive...  VC funding wasn't required at this time..  (or any time in the near future)  hence I wasn't at all impressed with the pitch...  which was literally "we'll give you a few million to build the company we'll virtually own,  in turn you'll get 8 bosses and we can fire the inventors and owners at any time"  

not exactly what I was expecting considering it wasn't solicitated.  

IMHO you should have stopped recommending them the instant they unilaterally changed their terms without notice.  That's illegal.

That is exactly what happened to friend of mine. He was stunned and on the verge of tears when they threw him out. And the $ he ended up with wasn't that much.

How can I close my account with Dwolla? They have no option to close your account.

Oh, so it's better to secure a couple of bucks in seed money and alienate your customers than to build a loyal and happy customer base that will support the business? Rrrrriight... that's why our company did not go for VC money and grows from its own strength. It's slower, true, but as has been said, you don't have several bosses that rather want Powerpoint slides of what went wrong and explaining how this affects their risks than to actually deal with the problem.

Maybe TradeHill is even better off without the VC money if they really should recommend screwing your customer base for profit to mitigate loss. That's not the right way to do business! Apart from all the New Economy bubble crap, real customers paying you real money is what makes a business model succeed, ultimately. Should you have to decide between pleasing investors and pleasing customers, I'd advise to go with the latter. It's just more sustainable.

Wow.

And people wonder why Wall Street, and in large part due to them, the global economy,  is in the shape that it's in.

This is why the world needs bitcoin in the first place.

Nah, I'm sure he's making semi-big bucks as a customer service rep for Dwolla. Hey, if he almost manages to use a forum, like putting his reply in the quote body, he might even be a manager.

Funny you should say that. I was relating some of the content of his posts to a friend of mine on AIM, and got as a response, "Hm. Dwolla has no cancel feature."

To be fair, "honesty, consumer loyalty and creating real value" can get you a long way. It's better to only start screwing your customers (and each other) after your initial growth otherwise you're up for an early crash.