This week’s kerfuffle over Yo centered on many facets, but none got more attention than the nascent startup’s $1.2 million in venture capital funding.
The reaction to this investment across the web came in several flavors. Founders complained that their own startups created far more value for society than an app that essentially acts as a doorbell, and yet, they had not received any venture capital funding. Another strain of incredulity focused on the investors themselves, who must have either been stupid or crazy to invest in such a “useless” product.
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To read the original article: Three Realities About Venture Capital | TechCrunch
