Early-stage healthcare review. Big VC funding flops. Top industries for 53 tech acquirers.
Ha ha - you failed?
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We just recorded our first ever explainer video. It's < 1 minute long and walks through how we try to make VCs lives easier. What do you think? Would love to hear your comments / impressions. You can watch it here or click the image below.
Startup schadenfreude
There was a lot of commentary about Fab.com last week and it's reported sale for $15 million to PCH. When a company goes from being worth $1.2 billion on paper to just a fraction of that in less than a year and a half, it gets some buzz. A lot of it was negative and sort of reveled in Fab's failure.
And then were some posts and tweets which lamented the vitriol.
What I've observed is that most startups that fail don't see a lot of negativity. That sort of harshness is reserved for select startups that seem to meet a few criteria:
The founder has a big personality (often seen alongside big ego, arrogance)
Where the company's primary business model seems to be raising VC, i.e. they raise a lot of money with no clear plan to turn into a a business
Where the founder(s) take money off the table or burn through a lot of cash quickly
Jasper Technologies is reportedly working on its IPO and is one of the key players in IoT. See the 141 key companies, VCs, private equity firms, angels, accelerators, and acquirers focused on the Internet of Things.
Fab.com, the once high-flying eCommerce site, is reportedly in talks to sell for $15M (and potentially as high as $50M). We take a look at some valuation and performance data around Fab.
