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FEB 05, 2013 - Business Insider

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This Story About A Startup CEO Who Got Canned Months After Turning Down $100 Million Will Make Your Stomach Turn

Pretty much the worst nightmare of any startup CEO and cofounder just came true for Brett O'Brien, according to PandoDaily's Michael Carney. O'Brien is the CEO, chairman, and cofounder of a startup called Viddy, which makes a video-sharing app. At least, he was all those things until this week. Last spring, Viddy was a startup sensation.  Photo-sharing app Instagram had just been acquired by Facebook for $1 billion, and Viddy – often called the Instagram-for-Video – had about 30 million monthly users. The company was so hot that O'Brien was reportedly approached by ... Read More

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