VCs pump more money into Flock
Flock's chief executive, Bart Decrem, reports that his Palo Alto browser start-up Flock has raised fresh capital from Bessemer, Catamount and a bunch of angels.
Worth keeping an eye on this company. We reported on them here.
Now Wired has done a piece, and generating buzz that has baffled David Cowan, the investor over at Bessemer. Namely, the Flock product isn't even out yet.
Update: VentureWire reports (sub required) that this latest round, Flock's so-called "A round," was $2 million.
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From: Business Logs
Flock and Web 2.0: The Leaning Tower of Buzz
Well everybody, if you haven't been seeing PR praise for Flock on the interweb then you must have been living under a Web 1.0 rock for awhile. Wired has praised it, Bessemer Venture Partners and many others gave them tons...
October 6, 2005 11:09 PM
March 27, 2006 3:24 AM
Waste of money. These VCs are throwing away money just like in the .com years. When will they learn their lesson.
I think the VCs will learn someday when they stop making double or triple digit returns on their successful investments (which disproportionately offsets the "failed" investments you are referring to). Until then, they will continue to make bets on companies and concepts that show promise: some will surely fail and some will succeed greatly.
The photo above looks like one of my photos
http://www.flickr.com/photos/foolswisdom/43144700/ . I license my photos under a non-commercial license and you run ads on your site, so you may be in violation of my license.
If you had contacted me, I would have been happy to let you use the photo. I would have asked you to link to the original.
No harm done, but please do not do it again,
Thanks for the note. Apologies. We looked at the license info at your site, and we obviously misunderstood it. Our bad. Photo has been replaced!