Confronting the killing ground
5 February 2009 by Steve Blum
business, finance, granite ventures, telecommunications industry, Tellus Venture Associates, trinity ventures, venture capital, venturebeat
business, finance, granite ventures, telecommunications industry, Tellus Venture Associates, trinity ventures, venture capital, venturebeat
Start up companies looking for traditional “A” round financing in the $4 to $8 million dollar range will be left to die over the next 18 months. In fact, the financial killing ground will stretch from the $1 million level up to, and perhaps past, the $10 million range.
That was my take away from yesterday’s small business symposium sponsored by Cisco and the Telecommunications Industry Association. One of the highlights (from an information perspective, anyway) was a panel discussion with three venture capitalists (Ajay Chopra, Trinity Ventures, Michel Wendell, Nexit Ventures, Eric Zimits, Granite Ventures), and moderated by Dean Takahashi of VentureBeat.… More