“VC shutdown underway? One entrepreneur told me her deal with Intel Capital fell apart after they lowered valuation from $5 mil to $1. Ouch.”
8 hours ago
- Link
Jay, Maryam, Rob Diana and 9 other people liked this
I think we have not reached the bottom until now. Worse luck! - Marcel Janus
wow, crazy. tell her to contact me if she needs any development - Jason Pratt
I am trying to remain personally optimistic, but I don't believe the bottom has been reached. - Louis Landon
This is what I love about being a student and working with other students. I can do everything much cheaper. $1 mil would probably fund my current business for 2+ years easily. - Daniel Zarick
It'll get worse before it gets better. Next two quarters will be tough. - Patricia
@Louis Landon Me too. I still hope thing will get better. - Marcel Janus
Eventually, things will get better. - Patricia
how people/firms/investors respond in bad times is much more telling of their character than how they respond in good times. they're doing it because they think they can get away with it. that window will close. - Bryce Roberts
Look, things are really bad and getting worse. They will eventually get better as Patricia says, but it will be hard for very many people. No one is really insulated, but there's no point in panicking or worrying about what you can't fix. However, we all should try to understand WTF happened and learn from it. I just shared a speech today by Charlie McCreevy of the European Commission in my timeline that everyone should read. It's simple and clear. - IRWebReport.com
better worse better worse better worse better worse better worse ... been going on forever, every up has a down ... why complain about the inevitable? - Gregory Lent
I don't doubt that VCs are having a tough time, but Intel Capital wanting to lower the valuation to $1 doesn't mean Intel Capital is having a tough time. It means some of the previous investors who participated in the rounds leading to the $5 mil are no longer putting in more money, and Intel wants to squeeze them out. They don't want to carry nonperforming investors. Those other VCs might be shutting down, I guess. - Denton Gentry
You kinda get the feeling that the 'world' is on hold until someone, anyone, suggests a REAL solution. Crazy stuff - Charlie Anzman
I have to say I agree with Denton. Value of a company is still consistent with the market. At the end, you're only worth what somebody's willing to pay. - Patricia
I also agree what Denton and Patricia have said. - imabonehead
I recently had one of those 'holy shit' idea moments, and I am wondering if I'll even be able to get seed capital. - Michael R. Bernstein

