Some entrepreneurs learn the ropes of startup life at a lab or incubator, others at the school of hard knocks. Jeff Kurtzman was the latter.

“My two college roommates and I fell into a business. We launched and started seeing success on day one,” said Kurtzman, previous cofounder of his college business, Better World Books, and current cofounder of Bark Social. “We were sailing so fast that we didn’t have to raise money for five years. We were 23 years old and had no idea what we were doing.”

Five years later, the startup, Better World Books — an online retailer for used books — had grown exponentially, with over 400 employees and $70 million in annual revenue. Now a large, thriving company, Kurtzman and his partners decided to raise $5 million in venture capital funding. And that’s where things went south.

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