Well I would say that 50k proves there is no market for it. So my point is valid, their idea sucked.
I never said that providing your own funding is wrong, you need to read exactly what I write not what you think I write.
If you have a great idea, then fine go ahead, but if every normal investor, including the bank says no, then maybe your idea isnt that great.
You know lots of these investors have experience with telling good ideas from bad ideas.