Still Hope for VC Funded Companies
Regarding a recent article on RE Revealed, we recently learned that:
“Maine-based company United Systems Access has bought the right to offer Amp’d’s monthly plans, meaning the customers of the doomed mobile company now have an exit ramp, should they choose to take it.
The service is being offered through their Prexar Mobile unit; Amp’d gets a 25% stake in Prexar, and will be paid according to the number of customers who make the switch.
There’s more info at the Prexar site.”
The short of it is that if you rely strictly on VC money to function as a company, you may end up belly up with no more than a 25% share in your business. Look, I would accept VC money if someone threw a bag of cash at me, but I would look to diversify my income sources so I wouldn’t end up like Amp’d, where the glass is only 25% full- boo! Hey, 25% is better than 0%, BUT the VC leeches should take note…
August 4th, 2007 at 1:23 am
Lani… stop it please. You confuse the tar out of me when you write VC. Greg did it a few back and now you’re typing VC.
As a history major who had to do a huge research report on an infamous massacre that took place in Vietnam in 1967, every time I see the initials VC I think of VietCong. I read your headlines like this… Still hope for VietCong Funded Companies. LMAO
August 4th, 2007 at 1:32 am
HA- if you work at a commercial development firm, the term “VC” is used at least 100 times daily.
It’s nothing new and your history insanity will not sway me buddy
There’s no hope for VietCong Funded Companies!
August 6th, 2007 at 2:12 pm
If you will set up a PayPal account I’ll throw a dollar at you. What share will that buy me considering WordPress is free?
August 6th, 2007 at 7:28 pm
For a dollar, I’ll put you on my blogroll… Wait, you’re already there Chris- you owe me a dollar…
August 10th, 2007 at 12:39 am
Free First Run DVDs…
Discounted DVDs…