Startup FInance

What the Fyre Festival Taught Us About Startup Finance

Before the FEMA tents and the now infamous bread and cheese sandwich, Fyre Festival was a brand experience conceived to catapult a startup, Fyre Media, into unicorn-level success.

Instead of ending up on Forbes list of the next billion-dollar startups though, millions of dollars of investor, vendor, customer, and employee money were lost, doors were shuttered, and CEO/CFO founder Billy McFarland was sentenced to six years in prison for fraud.