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
Firefly raises $3M to restart, revealing MVNO problems
Firefly Mobile, which sells a small mobile device for very young children with strict controls on the which numbers they can call and receive calls from, has raised $3 million more to restart.
VentureWire has the news this morning (sub required).
The company had high hopes as it went to market last year, its concept appeared compelling. But Firefly also chose to offer its own wireless service and customer service, using the infrastructure of other carriers to… Continue Reading