On the day of the iPhone launch, Zooomr founder Kris Tate was waiting in line with everybody else. A cute young girl was talking to the guys there and asked Kris what he did. He said he was a successful entrepreneur who ran a popular photo website (pointing to the Zooomr stickers that were stuck everywhere). Jokingly, she asked him how much he was worth and he told her that he is worth "around $3M". Very ironic considering what happened next.(Photo of Kris Tate by geodog)
Ah, Silicon Valley: One moment, you're worth $3 million; the next, you can't even afford an iPhone. That's the situation Zooomr founder Kris Tate found himself in last week. A tipster who was on the scene expands on our earlier report that Tate's credit card was declined at the Palo Alto Apple Store as he tried to buy the must-have geek toy. Moments before, the tipster says, Tate was bragging about his net worth. The eyewitness account, after the jump.