Meebo Announces $9 Million Series B Round
Michael Arrington
60 comments »
Meebo, a site where users can access all of their instant messaging applications in a single browser window, is announcing a $9 million Series B round of financing from Draper Fisher Jurvetson this evening, adding to the $3.5 million they raised from Sequoia in December 2005. As part of the round, Tim Draper is joining Meebo’s board of directors.
Our first post on Meebo was written the day it launched in September 2005. Since then we’ve watched them grow significantly (see our coverage here).
Meebo competitors include eBuddy, KoolIM and others listed here.





Have they made a single cent yet?
Who would invest in this? They are obviously hoping for a buyout because there’s no way in hell anyone would use the service if they included ad’s.
Seth Sternberg, their CEO, once was asked at an event “How do you make money?” to which he responded something like “We aren’t looking at how to make money for now. We’re just focused on growing the user base and improving the service”. That was almost a year ago.
I also inquired him personally about outsourcing the service, perhaps something like a paid private label service for third parties, to which he responded that nah, they aren’t really interested in that either.
I’m not saying good nor bad - you’re free to interpret that as you wish, but I find remarkable being able to get to a series B funding, after having experienced such a tremendous growth and not having made a dime yet (apparently so, I really don’t know).
Did Sequoia re-up or did DFJ do the whole series B?
They’re definitely going to sell. I think when a startup sees the potential for a sale, that’s what they focus on, and that’s what their investors focus on.
Meebo is a great service. It’s what I use primarily. I doubt they’ll have trouble selling.
The buyer will need to also think about how to make money from Meebo, or at least how Meebo can make its own products and services sell better. So I’m not so sure it can easily sell itself. I mean, it probably can. But the list of potential buyers has to be a short one!
Cool. Meebo re-ups. As a daily user, it will be interesting to see how this new $$$ translates into expanded services, infrastructure, features, business models, etc. Regardless of whether they’ve made a dime so far, (as Samir asks), they now have a nice chunk of change to expand. Meebo is one of 7 tabs that are set as my default FF start page. Congrats to Sandy and the rest of the meebo crew!
As a service Meebo is fantastic. For anybody like me that is tired of having 3 IM’s loaded all the time it works really well. Just wish there were a way to incorporate Skype.
WRT making money, at least they aren’t like so many young Web 2.0 companies that I meet that say they’ll make their money from Google AdSense. I think that many of these viral services that get rapid user adoption find ways to monetize their offerings (or, yes, sell the company). I can see why investors would be excited considering companies historic exits like ICQ, Skype, HotMail, RocketMail and others that didn’t immediately build a large revenue model. And that’s even without invoking YouTube.
I think Meebo had real potential. Congrats on the funding.
When time comes and they have to sell it on eBay, will they be able to recover their money?
You people are retarded. They don’t need to make a dime. They don’t even need to sell out.
They’ve experienced tremendous growth with the most sticky app on the web: messaging.
All they need to do is focus on their user base, focus on growing it and that’s all. When they get to a certain point they can just raise more cash, hire additional team to build out extended functions that they can monetize in another way and transfer their massive amount of users into those functions.
What else can they build? Web OS? Web Office? Web start page? Search engine? Media portals? Video?
It doesn’t matter. At the point they can do whatever and be a legitimate force to reckon with, all the while on their terms.
I’ve seen worse ideas, but I don’t see this being worth much. Showing ads is pretty much the only option they have besides burning through money.
What I really don’t understand is what’s the appeal for users even now? Google Talk is integrated into GMail, Yahoo and MSN both have Web Messenger interfaces, and I would guess AOL does too. Why would I risk involving a third party unnecessarily in what are bound to be rather lurid chat sessions? What does Meebo have that isn’t already easily and more directly available?
Alaska: So, they can just continue to raise money forever? At some point, the money runs out. VCs won’t continue to just give them money with no clear exit strategy.
props to meebo, they have built a great service and received a ton of quality endorsement from users, top web publications, and the bloggers. with thier strong user growth and evangelical current users they are looking at very blue skys ahead.
I think its time for give this service a whirl and see what all the excitement is about.
it is good to see a real web 2.0 company transitioning into a legit growth engine.
Alaska, notwithstanding the fact that I am a bit retarded, it’s not a silly thing to wonder how they plan to make money. There are only a few ways to make money as a business. Sure, they can create a web desktop, but they’re either going to run ads, charge users, or charge businesses. I’m sure DFJ didn’t invest with the hope that they’ll figure it out at some point, hopefully.
My original theory was that they were going to sell the service to enterprises and other networks, and they have to some extent. I imagine they’ll continue to try and license it, and release some way for networks to push the chat to users. I also wouldn’t be suprised if Seth realizes claiming they’ll never show ads wasn’t the best idea in the world.
As a side note, I think it’s also worth mentioning that services like Meebo have almost no switching cost.
I love Meebo and its widget. I use it every day on my site. Congrats!
I need to finally check out Meebo. I usually only launch 1 IM app because having too many running at once drives me nuts…
Alaska: I typically agree with many of your comments but you lost me on this one. If you take over $10 million you’d damn well better have a way to make money. Having 6 billion people using your service is worthless if you can’t monetize them and I while I know there are enough VCs willing to finance losing propositions, no company should think that it can go back to the financing trough infinitely and continually raise money without eventually building a real business.
Additionally, you list all the other things they can build with the implied notion that once they have a large userbase, they can easily expand their offerings and tap into their userbase to make those new offerings successful as well. The ironic thing about this theory is that the same thing has always been assumed for Google but very few of their non-search offerings has taken off and to my knowledge, search is the only service where they have the largest marketshare. Of course, this begs the question: if they can’t monetize their initial offering, what makes you think they’ll be in a position to monetize any additional offerings? Why build new things if you can’t make money off them?
Samir: Advertising is an obvious business model, but I think that advertising displayed alongside IM apps is going to be fairly ineffective and won’t generate results for advertisers. As such, it won’t succeed or the CPMs they charge will have to be so low that it’s a fairly weak business proposition.
It’s interesting to note that since all chats are proxied via Meebo servers, they can be banned by Yahoo/MSN or AOL with just a few keystorkes- simply by banning Meebo’s IP range.
This is very different from Trillian, since the connections there came from the individual client computers, whichis unbannable unless the IM protocol is changed, which does not happen very often.
I am not saying that this will happen, but Meebo’s service is a hostage of decision makes at Yahoo, MSN and AOL.
Doesn’t anyone here use Trillian? It’s a Windows-based client which combines multiple IM clients in one (MSN, Yahoo, ICQ, AIM) and has been around for ages. It’s also free. I’m sure there are many more like it.
Trillian is why I can’t say I feel the IM frustration mentioned by many other commenters as their choice for picking Meebo (and I presume, Meebo’s hope for getting the $$ they need sooner or later), but maybe I’m not IM power user enough.
I don’t believe in advertising here - as someone mentions, it would have to be quite obtrusive to be of any relevance.
For me Meebo looks like a build-to-sell.
Well, DFJ are not crazy, not completely anyway, and Tim is joining the board.
Maybe, just maybe, they have something up their sleeve which is wild and good. I saw the guys at Widgetslive and I’d have to say that they seemed to be pretty focused on something bigger.
I’d give them the benefit of the doubt. Guess we’ll have to wait and see.
I agree with Drama…
I can open warehouses across the U.S. and sell 60″ LCD TV’s for $25/ea. I will have more customers than Best Buy & Circuit City combined - I will achieve nearly 100% market share and become the king of LCD TV’s. But, I am losing money on every customer - my business is below than worthless.
I know my analogy is not perfect…but everytime someone uses meebo, meebo loses money - just like the king of LCD’s.
I congratulate meebo and wish them luck - but I don’t get it.
To Drama 2.0, I actually notice your posts too lol:
Can you strongarm your way into a market? Considerably so when you apply the proper nudging. True, while Google has tremendous mindshare many of its peripheral products gain little traction (Gmail, Gcal, Goffice) but the promotions of those products has always been from blogosphere and word of mouth.
One particular notion I always believed in was that in the beginning when Gmail was invite only, the reasoning behind that was to dramatically cut down the ability for spammers to game Gmail and to make more passionate users of their services rather than just people wanting disposable accounts.
But my point is that when you visit Google it’s rare would you ever see anything about their other products, but put in an mail icon, a calendar icon, and an office icon on the front page and they can dramatically increase usage. Will they do it? Maybe if it fits into their strategy. Will it alienate users? Definitely. At first, then people will stop caring because honestly: if you’re going to bitch and moan about how a giant internet company put a couple icons on a webpage then you really really need to get laid cause there are a lot more bigger problems out there in the real world.
Google purposely at this point is not ushering in a massive search market into their other products. That’s fine. With Meebo they may choose not to take that approach.
But some stats about Meebo shows a different subset of users. They have a sticky consumer app, a site where users come in and stay for almost their entire DURATION of being online. The interaction of messaging is by far the most engaging besides photo sharing or video sharing.
So what else can they do? Social networking is but another layer on top of messaging. Making a social network and inspiring a great user base isn’t just possible it’s darn easy when it’s built in. Making an Evites clone is also very easy. As well as
How do they solve the CPC/CPM conversion problem? They may not even need to. Myspace and Facebook are notoriously atrocious with results in their CPC/CPM campaigns but that doesn’t matter, it’s already hit the tipping point. At this turn they can negotiate with GYM at any time (Yahoo is hurting hurting for users for Panama) and broker a good deal for search capabilities or CPC capabilities.
Can they continuously get money? Definitely. As long as they’re willing to dilute their shares or be able to sell their kool-aid to the VCs. With Draper on board my big bet is that Seth has already done that, he’s already sold the kool-aid. Honestly, how many of you can say that? Say you’ve gone up to Tim Draper and not only led him to the water but make him drink?
The big vision is to grow massively and worry about all the nitty gritty problems such as monetizing later on. Think on a 5 year plan instead of a nascent plan.
Is it a guaranteed plan? Is it workable and insurable and going to work? Who knows, I don’t know, maybe, it’s all in the details, implementations, blah blah. But hey you know what? When you’re playing with other people’s money you’re afforded big risks. And when you’re 3 kids with nothing to lose you dream big.
Mick: DFJ may not be crazy and Tim Draper is obviously one of the most prominent VCs you could have on your board, but this does not mean that they’re infallible. In fact, statistically, I believe most companies VCs make investments in fail (I think I saw some statistics once but I don’t recall off hand). But you get a few Googles or YouTubes in there and you can make money. It’s an interesting model because it fails most of the time but still works very well for a few firms (and doesn’t work for the majority).
Certainly it’s logical to think that smart people will make smart decisions and Meebo must be a good investment because good investors invested, but there were a lot of extremely intelligent people that made very poor investment decisions in the last bubble. We’re in a similar market to some extent in that eyeballs and usage trumps revenues from those eyeballs and that usage. In reality, very smart people often make very dumb decisions and although we’re not privy to all of the details about Meebo and their business, a typical litmus test for me is if I can’t fairly easily determine how a company in a market I think I understand fairly well is going to make a significant amount of money to justify the amount being invested, I am skeptical. If their CEO did comment that making money isn’t the focus and couldn’t give some tangible possibilities, all the more reason I would avoid it. But I’m not a VC and DFJ has a good track record so time will tell.
True smart people still make stupid mistakes but from mashable:
“1 million registered users (up from 0.5 million three months ago), 1.2 million daily logins, 75 million messages sent per day and an average session time of 70 minutes. 4.5 million unique screen names sign in monthly, they say.”
Most people are online for about an hour or so. Introductions of social networking functions such as a profile/buddy page with some picture sharing and and they become a LEGITIMATE myspace wannabe.
In a world where a German facebook clone with “1 million users” can score 100 million dollars in a buyout what can 4.5 mil logins buy you? Friendster’s not even that popular.
Alaksa: I definitely understand your theory and maybe it’s their strategy. Who knows. I definitely believe companies need a long-term strategy, but when you’re running on other people’s money, some consideration needs to be given to short-term needs, including the need to generate revenue. For arguments sake, let’s say your strategy is their actual strategy. If I was an executive at Meembo, I’d like to prove to myself that we know how to monetize our already sizable userbase. This gives me confidence that it is smart to expand our service offerings because I know I can grow revenues doing that. Additionally, if I need to raise additional funding, I have revenue coming in and my investors know I’m building a real business, so I can get a better valuation. If I’m an investor, I like the fact that the company has proven that they can monetize and I’m more willing to give them additional cash to build new services so that they can leverage their userbase. Look at it this way: if you’ve got 10 million people using your product, what rationale do you have not to try to make money? I’ve never heard anybody say “I’ve got 5 potential customers but I’m not going to charge them a thing until I’ve got 10 potential customers.” I really do feel that many Web 2.0 companies either have no clue about their monetization plans or have tried to implement them with limited to no success.
Dave G.’s comment is actually quite relevent to a comment I just made in an earlier response to another post and it’s now relevant to this post. Your investor comes to you and asks “We’re losing money on every product we sell. What do we do?” You respond “That’s easy. We make it up in volume!” If Meembo is losing money with their current offering, scaling up and creating new offerings isn’t going to help you generate money, it’s only going to help you grow your losses.
Of course, this might be moot and Meebo will look to get bought out by a large company that loves to buy up money-losing startups with lots of unmonetized (or unmonetizable) eyeballs. AOL anyone?
Alaska: we should probably be having this conversation on Meebo. Much more efficient!
Trying to put a value on 1 million users, 4.5 million logins, etc. based upon a handful of acquisitions, many of which involved valuations that made even other investors say “Huh?”, is not a sensible strategy. There will be some major acquisitions in 2007 and maybe Meebo is one of them. But basing your entire outlook on the possibility of such an acquisition is not wise because it’s far from a sure bet. If VCs, especially DFJ, are now looking at investments and saying “Well this site got 20,000 users in the first 3 months and a German site with 1 million users was acquired for $132 million, so we should invest at a $2.64 million valuation” then we are in a bubble and I know a lot of people who are sitting on millions. Imagine having a website with 1,000 registered users logging in each month and being able to assume that it’s worth $132,000? Obviously I’m being a bit sarcastic and something that small would have no acquisition value to a major player, but the logic is actually quite the same at the core.
If market dynamics get to this point, VCs might as well be going to Vegas. They’ll have a fun weekend and the odds are probably better in Vegas.
I’ve actually met Seth back in 2005 when he and the other 2 founders of Meebo would meet at the local Border’s bookstore. They always wanted to establish a popular web entity instead of selling out. All three agree and if that’s what they want, to do it solo, then the only way to get there is to get money and grow and think in long terms.
Will it work? Maybe. But out of most of the other retarded investments reported by TechCrunch, I like Meebo a bit more than the others.
Aren’t you guys using GAIM ?? Available for Windows too .. FREE, GPL
Get it - http://gaim.sourceforge.net/downloads.php
There are 3 points I think we should think through as regards Meebo:
1. Exit strategy: Every VC needs to know the exit strategy before he invests. They won’t give $9mn and tell Meebo, lets figure this out in the next 12 months. So what’s Meebo’s exit strategy? It may be that they are looking to get acquired but then why wouldn’t someone acquire eBuddy instead (read below).
2. Will they make money?: eBuddy claims over 35mn users, claims its profitable and (they display ads on the messenger) and has also raised around $6 mn in October 2006. Why would the acquiring company not buy eBuddy if they need to buy a web messenger with a large user base?
3. Switching cost: There are a quite a few public web messengers like eBuddy, KoolIM, ILoveIM, Geese, etc. What’s the switching cost for a Meebo user to another web messenger?
Damn I make it sound so pessimistic about their future. But I cant help it. The only light I see at the end of the tunnel is of a speeding locomotive
There are so many great points made in the comments that I’m tempted to print this off and keep it.
Firstly, regarding Trillian, I don’t think the two are even in the same space. For me, the most relevant use case for Meebo is place of employment or other places where I can’t just install whatever the hell I like. Trillian is great for home, but when I’m using, say, my girlfriend’s mom’s computer, that’s when Meebo really comes through for me.
Another thing that I want to say is that Google and its services aren’t really the best example of how a company can use its userbase to cross promote.
An acquisition is the only way out for a company like this (and I believe it will happen sooner or later, unless the user base drops out)… The big question is, will they sell for a price that the VC’s are looking for?
Personally, I would like to see KoolIM win only for the fact that they are only 15 to 20 miles from me, which is well outside of Silicon Valley
As a daily meebo user, I love the service and find huge value in it. That current value only applies to IM. I really don’t think that is where the true value is though…it is more about taking an unwebified or too b/w intensive application and porting it through the meebo service platform such that its available in a browser.
Think Oracle via meebo. Maybe it is the consultants/integrators that my employers have used but whatever the case, as an end user, using Oracle sucks. The client slows the crap out of my desktop, is only accessible from a computer, etc. With a meeblo-like platform, a company could make their oracle systems available to any device with a browser which is a valuable benefit to the user and to the company in increased productivity.
The a market for webifying, for lack of a better term, back office systems without actually webifying them has to be huge. Having said that, it would surprise me if they aren’t taken out in 3 months because they aren’t staffing up on anyone to generate revenue, manage product mktg, etc. http://blog.meebo.com/?page_id=101
Can anyone spell BUBBLE?
Cool growing fast an maintaining the act are two diffferent things.
http://blogs.ibibo.com/TechnicalJournal
You left out goowy.com. They include a browser-based-all-clients-in-one IM util in the feature set. Free service (as far as I know).
Curiously, how did they burn through $3.5M in one year and more pointedly, how did they evaluate a need for $9M more?!
I think Meebo is great but I only use it because it’s free. Ads wouldn’t bother me mainly because I wouldn’t click them, but still, a web-based IM doesn’t seem like a very good platform for ads anyway.
They could sell out I guess, but honestly, why would anyone buy it with all the competitors out there and even if they could sell it, how would the buyer justify an income from it?
The only way I can see Meebo making money is by selling off their MeeboMe functionality as a widget for tech/customer service of large-scale industry.
#3 - RBA illustrates a valid point. There is so much money being thrown around at businesses with absolutely no business model it’s sickening. Especially when you consider the economical state of the US and general poverty across the globe. Heeeeeeeeey, let’s give these guys $12.5M to create a service that is in no way unique or novel so they can focus on getting users… Forget about the disabled guy sitting on the corner with cup in hand.
I also use Trillian. In fact, I am a former Meebo user who converted to Trillian.
When the new Trillian Astra comes out I fear Meebo might be on the losing end.
Nothing against Meebo, but why in the world do y’all need so much money???
I mean lets get serious. I think some of the VC’s are a bit out of control and if I were an investor with their firm, I would be chewing on someone’s a$$.
Even if they have not made a dime…this is a company with some real utility…
and people wonder how identity theft happens
if you must engage in multiserver IM, use a client-side system like gaim. it is free and available for many OSs. why use gaim instead of meebo? gaim is not transmitting your username and id to a third-party server. gaim authenticates directly with the server for the network you are using, so you are not telling your username and password to any new parties.
can the same be said for meebo? meebo has access to the private data you enter, and even to your conversations. are they trustworthy? maybe, but who knows if they get bought by someone else, you might find that data mined.
basically only use meebo with a throwaway account that you completely do not care about.
I think we’re in the age of pre-consolidation. That’s why many of these companies can command a high valuation because they’re bringing in users.
Eventually the market solidifies, a few players last and own the majority of market share. The ones who mopped up when the goods were cheap usually end up on top. I think that’s what a lot of the companies are doing - buying up eyeballs, getting users to get comfortable using their technology. It’s often difficult to get people to switch once they get used to something or there is something of value for them: think about Outlook’s entrenchment in the desktop mail space, or how MySpace you already have your contacts and friends (even though the interface sucks) you don’t really want to go to the hassle of switching, or if none of your friends are in Cool New System X why would you be. Or why Google is willing to pay a lot of money to be the search engine of MySpace.
Eventually the winners will have a lot of eyeballs continuously moving across the space. Maybe right now we’re not 100% sure where this will all go but companies who don’t get eyeballs may eventually become irrelevant.
I tried meebo out a while back when it first launched, and personally I wasn’t very impressed. The idea was ok, but like others (trillian & gaim) it was far from replacing the comfort of using the native application. Anyway, it wasn’t for me. But I figured someone out there would be ok with giving up all their login information to an unknown site AND keeping a browser window open all day (eye roll).
When I read they got 9m I have to say I felt a little ummm..Pissed? Maybe it feels like a bunch of stanford kids getting funded in their back yard by sequoia. It feels a little unfair is all. That a ‘new idea’ like this is worthy of NINE MILLION dollars. I mean, damn, aren’t there better ideas out there more worthy of that scarce startup capitol?! In the world, isn’t there someone working on a better idea, .. seriously.. really is this the best we can come up with ?? A mash up IM site????
I’d like to end this rant by saying that when I see companies like this get funded, I feel like I die a little inside. This really isn’t an attack on meebo, its more me bitching about the inequities of private equity funding. What am I going to do about it, I dunno bitch I guess. Cause I don’t have the contacts to get a meeting to pitch my ideas.
Here is an idea for a web 2.0 startup, come up with a website that disseminates this much needed investment OUTSIDE a 25 mile radius of the investors location. I’d say that idea is worth at least 5M. Thanks.
Disappointed - why would you care what meebo nets in funding? isn’t it clear that funding in the web space is a buckshot scatter exercise in which the only saving grace is the moronically outsized payout to the 5% that succesfully exit??
guess what, the power to turn off the machine is in the hands of the investing public (you). stop chasing up pointless IPOs or the stocks of insanely acquisitive firms and you will in fact take the wind out of the sail and everyone will move on. exactly the opposite is happening…vc funds are turning away investors, and large web firms are likewise not showing any signs of divestment. clearly there is an appetite for high risk poker out there.
I’ve tried Meebo and I think they have done some good work, but I don’t use them. I have Adium on the Mac and Trillian on the PC; what more do I need?
Regarding VC exit strategy, unlikely that meebo will be acquired as long as they’re providing unauthorized access to aim, msn and yahoo. Has anyone heard whether aol, microsoft or yahoo did a deal with meebo? nope
3,000,000 / 12 = 250,000 a month
5 employees * 40,000 = 200,000 a month
leasing = 7,500 a month
equipment = 50,000
hosting = 2,000 a month
if the burn rate is close to being 3 mil a year, 9 mil should last maybe 1.5 - 2 years with growth.
to disappointed entrepreneur: good job labeling yourself something you’re not.
maybe… just maybe… the management team at Meebo has thought of something that you skeptics haven’t thought of yet. maybe that’s why they are the management team at Meebo and you’re not.
Guess I’m old, my young relatives tell me they’re beyond this, and use this http://www.imvu.com/ - 3d chat! geesh
Alaska:
>>45 I’m sure their hosting costs _much_ more than $2k/month. A 110v/40amp 42u cab is going to run you $1k/month without bandwidth. I’m sure they’re in multiple datacenters — so, they’re going to need ethernet transit between them.
$2k would get you 1 cabinet with 110v/40a with 30mbit of cogent bandwidth. Peanuts.
meebo has multiple partners
if any of these partners hits it big and starts paying meebo to offer meebome or something then they can pretty much just soak up cash by offering services to these companies
Not alot of details but some indication of what they’re plans entail:
http://blog.meebo.com/?p=258
SomeGuy: maybe just maybe Rosie O’Donnell has come up with a solution to The Donald’s hair problems. And I’m sure the management team at GM knows something we don’t about how they’re going to come back to dominate the auto market.
Alaska: you forgot $500 for the LED sign they installed that display usage stats. Your hosting numbers are way off, as pointed out. And do you believe the 5 jobs they’ve got posted as available are paying $40,000/year? You can’t find a qualified engineers in the Bay Area willing to accept that. They wouldn’t be able to afford to live. And don’t forget that the actual costs to the company are greater when you factor in benefits, etc. There are lots of little costs you overlook (telephones, accounting, legal, payment to misc. vendors, etc.).
Drama you got it wrong Alaska reckons these guys get $40K a month ($480K a year) OMG year right - look closer - his numbers are completely wrong. Then he actually believed his miscalculation haha.
Must agree with “Disappointed Entrepreneur” comments above, it is a silly game, not at all based on merit, but on hype and location. It’s too bad to, as many useful and deserving ideas, concepts and apps loose there way to the top.
This whole Meebo thing is gettin way over rated..
They haven’t made a single buck and now they get 9 million dollars? Where’s the business model? From Bubble to burst
Besides the whole IM web messenger market is way over crowded.
The Meebo widget is cool but the actual chat site doesn’t quiet make it for me. There plenty of other web messengers just as good if not better. Nice Meebo gets funded but where is this all going?
>>45. Everyone pointed out your numbers are way off, so I won’t touch that.
Even if you were close, what does the fact that they will burn through their cash in 1.5 - 2 years have anything to do with 1) being a good product 2) proving otherwise to the point of misplaced capital??
Disappointed,
Why are you such a hater? Get off your lazy ass and quit complaining. Nobody gives a shit what you think. LPs of the VC’s know there will be capital placed in deals that go nowhere. Do you think they just fell off of the turnip truck?
I would be disappointed if I were you too because you clearly spend too much time whining about what you don’t have. If you had any balls you would be on Sand Hill Rd knocking on doors to get meeting with VC dollars but instead you complain that Stanford kids get all the money. You will always be disappointed because you’re a dipshit and a nosey one at that. Oh and by the way, Stanford kids were the brains behind Google, Yahoo, and about another trillion $ in market cap you ignorant POS.
Check out the new embedded version of Kool IM.
http://www.koolim.com