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Ash Rust had good reason to think his start-up would take off. He's a co-founder of SendHub, a start-up that lets companies set up corporate phone systems using their employees' smartphones. In 2012, Rust and co-founder Garrett Johnson raised $2 million in seed funding in two weeks. Their service worked well, and more than 5,000 businesses signed up. So when it came time last spring to hit up VCs for the several million dollars in Series A funding SendHub needed to keep growing, Rust expected smooth sailing.


To read the original article: Why the Series A Crunch Might Be a Good Thing |