Of Pigs, Pythons and Web Startups
Date: October 17, 2011
One of my fund’s portfolio companies OWN has developed a tablet based Point-of-sale system. The company has made rapid strides and developed a platform that has strategics, VCs and angels alike stampeding over each other to invest. Over a frenzied weekend, I watched the founders juggle several different investor meetings and receive rapid-fire text messages and calls until their cell phones ran out of juice. All of this when a recent WSJreport bemoaned the fact that Web startups have hit a cash crunch! Angel investing is getting slower, valuations are dropping and the end of the world is near, it said. Really!?
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Source: The Huffington Post
