The other day, I noticed an eye-catching headline:
"Internet Funding Boom Ends as Fast as It Began"
It was from the Wall Street Journal--a publication I count on for emphasizing quality journalism over empty linkbaity headlines above hollow stories. Perhaps I need to rethink that.
How else can you explain this headline matching a story about a professional social network still trying to explore revenues raising $17mm on an $80mm valuation? This is a company that, according to the article, got term sheets from half of the VCs that expressed interest in the company. Not a bad close rate, I'd say--and a pretty great pay day. Did I mention it only took the founder a month?
To read the original article: - Thisisgoingtobebig.com - Instead of sticking a fork in the venture market, realize... there is no fork
