Saturday, April 18, 2009

VC returns...sorry, but this is a bit of a rant :)

So..ok, reading the article (nope, I'm not going to mention, just some idiot on VC returns & how they are down), doesn't this mean that those companies FunAdvice is kicking the a$$ of who raised (cough, sodahead, cough) $16 *million* and are getting, at best, 50% of the traffic of my bootstrapped start up...

...shouldn't these guys be running to the door to hand their money back to those VC's who invested? OR even better: shouldn't the VC's be clamoring to take their money OUT of such start ups?

Seriously...it's just business anymore, it's not longer an exponential growth market where you throw up anything & it'll hit jackpot. Outside of twitter & facebook...do you guys EVER cover something with a chance at a hefty VC return? Take hunch, for example.

The market cap of Answers.com is $54 million and they lose money, quarter after quarter...if the #2 guy in a category has *zero hope*...why would you throw money at it?

Just because Yedda & Answerology got lucky (and answerbag got lucky, twice?)...? Seemingly, this is the case.

I've sold more companies than Catarina Fake...and while we both worked at Yahoo, she wouldn't give me the time of day to help the company, overall...she's sold *one* business, but you guys have done multiple posts on her stealth mode, not accessible to the unwashed masses start up.

Imho, tech journalists are in part to blame, covering companies incessantly that have no hope of achieving anything like a venture return...and ignoring those, like ours, Fanpop and plenty of fish that have successful businesses.

Seriously, get a clue and drink your own kool aid for once, eh?

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