Author Archive

20
May
2016

…Then they spent their entire A round on the “Coming Soon” screen…

Apparently funded by some tech accelerator out of France, “Sneefr” took 50K ($50,000, not $50,000,000), they will “connect the people who want to buy and sell safely in a simple way”.

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20
May
2016

Bids for Yahoo several Billions short of expectations

We’ll file this one under “down rounds” given that not long ago Yahoo spurned a $45 Billion offer from Microsoft, early bids for Yahoo are coming in the 2 or 3 billion range .Remember, Yahoo recently bought Tumblr for presumably $1 billion  (does that mean all that “value added” by the acquisition has made Tumblr the entire company?).  

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19
May
2016

Theranos unravelling accelerates

  Theranos scratches 2 years worth of lab tests. (Turns out 94% of their “in-house” lab tests were outsourced to external companies. The 6% remaining have all just been discarded as invalid.) BREAKING: Elizabeth Holmes’ exec assistant quits. Funding raised: $637 M Valuation: $9B Revenues: undisclosed

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18
May
2016

Hub Nation & The Scandal of Money

I just finished reading Dan Lyon’s “Disrupted”. I devoured it in a little over 2 days and took frequent breaks to email various friends and colleagues (many of them tech CEOs of non-unicorns, go figure) that they had to read it. The story of Lyon’s tumultuous ride at Hubspot, a tech unicorn which has never shown a profit, and will probably never show a profit didn’t tell me anything I didn’t already know. It didn’t...

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9
May
2016

OpiaTalk out of funding and shuts down

Self-described “Hyper-Conversion Company” OpiaTalk, which made some javascript thingy to induce buying trances has shut down due to lack of funding. Will now seek to “create value through liquidation”.  

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