It is indeed an honor when a year-old startup with two or three million dollars in annualized revenue scores a $100 million investment. An unusual honor, as well. But there’s method behind the madness.
Editor’s Pick Mick Jagger can’t get no satisfaction, but apparently a lot of 14-year-old boys can. So too, fortunately, can Apple, Amazon, QVC, and NewEgg clients.
That fancy new app the marketing department wants so you can sell more paperweights may not be your best investment. In fact, unless you’re lucky or really, really good, the app might just end up being the digital equivalent of a paperweight itself.
MobiCart is one of 70 companies chosen by VentureBeat to launch at the DEMO Fall 2010 event taking place this week in Silicon Valley. After our selection, the companies pay a fee to present. Our coverage of them remains objective.