North Vault has been a very bad investment for us because we were too enamored with the idea of its necessity, but the team failed to execute properly.

During investor meetings, we faced challenges, including one investor leaving mid-pitch, which highlighted our lack of readiness.

When you lose faith in a company after agreeing to invest, it's important to assess the situation on a case-by-case basis, especially if there's evidence of deception or misconduct.

It's important to learn from past mistakes while also being cautious not to let those experiences overly influence future investment decisions.

During the disillusionment phase, we struggled to attract investment due to recent failures of other hardware companies, which made investors hesitant.

As investors, we need to move fast and assess if founders are also moving quickly; asking about their recent accomplishments can provide insight.

After facing significant setbacks, we took back control from our investors and focused on learning from our mistakes to develop a better product.

I made mistakes in the fundraising process, including not meeting enough investors and assuming a deal was done before it actually was.

I faced a moment of panic when I learned that a glitch in our ordering process would lead to a loss, jeopardizing our bank covenants shortly after moving to Las Vegas. We had to find $10 million to reduce our debt and ensure we could make all payments without missing payroll.