Filmloop’s demise, the reputation of VCs, and how you can help
Updated
The details of Silicon Valley photo-sharing company Filmloop’s quick, and strange demise continue to dribble out — and the story carries lessons for the first-time entrepreneur.
Yesterday, we’d referred to an apparent move by venture capital firm ComVentures to take remaining cash and assets from Filmloop, and give them to another of its companies, Fabrik.
We’ve contacted ComVentures for comment, but haven’t heard back (Update: We’ve since heard back; see below). Representatives at Fabrik declined comment yesterday.
Mike,… Continue Reading
Web 2.0 bubble bursting: Peerflix cuts workforce, carnage mounting elsewhere
This year has become the “show-me” year. Internet start-ups showing no traction are getting shut down, or trimmed — abandoned by once wide-eyed investors.
The Web 2.0 bubble is bursting, but VentureBeat agrees with others that this is more like an “oozing.” New, innovative companies will continue to get funding from VCs, but with more caution. Investments amounts in Web 2.0, while booming, are so far nowhere near the absurd levels seen during the 1999-2000… Continue Reading
Roundup of best Silicon Valley news: YouTube, FON, Ning & more
Catching up:
YouTube is making $7.5 million a month –Everyone has been guessing whether YouTube is profitable, given the high costs it faces hosting all its videos. This guy says YouTube is doing $7.5 million a month in ads, and is profitable.
FON, the company that wants to encourage people to share their WiFi routers, having problems? — The general manager of US division has left. We’re beginning to think this Fon idea my be too clunky to fly…. Continue Reading