Here it is. The list of the companies that took that early startup money in 2005 and are on life support in 2007. If you read my Tagworld post from yesterday, you know the news isn’t good. Heck, even one of the guys is avoiding Michael Arrington’s e-mail! Well I can’t really blame him after being in charge of all the cash TWICE at TWO different startups. I mean watch his video, “So Web two-oh is not a bubble,” says Milener. “Web one-oh clearly was, I think we’ve learned from that.”
psssstt…. VC’s, Investment types — Here is what the guy really learned — He learned how to scam you a second time, and spend your money, and now TC can’t even find him! I could go off about how stupid some of these people are to let same guy blow your millions twice over, but why?
Everything comes full circle in life, as well as Web 2.0. “Fool me once, shame on you, fool me twice…. Technically Speaking, I think you just got fooled again!
Sphere: Related Content