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VC trends

2007-10-20 13:46:55.165822+00 by Dan Lyke 3 comments

VC investment is up 8% for the last quarter, but down 8% into the Bay Area. It's also mostly later stage investments. Interesting.

[ related topics: Bay Area Economics ]

comments in ascending chronological order (reverse):

#Comment Re: made: 2007-10-20 17:09:26.785497+00 by: meuon [edit history]

I'm getting told if I had the right idea, and the right people and a proof of concept, money is no object. Last week, a person with an existing business with good connections that needs to 'webify' it and wants a 'partner' for development for a small part of future cash flow handed me such an idea. I'm hoping to build a semi-working mock-up Sunday night. what's bad is, I'm not sure it needs lots of VC. $50-100k would be a nice development budget, pay for myself and another talented person and the necessary hardware and expenses until it cash flows.

I need to figure out how to make it need 1+ million, just so the VC would be interested and so that we can buy big plasma screens, Aeron chairs, BioMorph desks, and twice daily neck massages. Oh.. and convertibles. Good developers must drive convertibles to clear their heads.

#Comment Re: made: 2007-10-20 17:20:44.602479+00 by: TheSHAD0W

Yup. I'm sure you've heard it before, but it's easier to get $1 million than $10,000. Insane.

#Comment Re: made: 2007-10-20 17:42:20.503179+00 by: Dan Lyke

Yeah, investing in a project involves a certain amount of overhead and legwork. Since that's a fixed cost, it's better to spend that cost on a larger project over a smaller one.