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