Comments on: Piczo Raises $11 million http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/ Startup and Technology News Sat, 05 Jul 2008 11:19:55 +0000 http://wordpress.org/?v=2.5.1 By: Charles Hope http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-740341 Charles Hope Thu, 18 Jan 2007 20:04:22 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-740341 "Site visitors cannot search or browse user profiles (they must know the exact URL of the member profile)" Absolutely false. On the very front page are a bunch of profiles to browse! And no login required! “Site visitors cannot search or browse user profiles (they must know the exact URL of the member profile)”

Absolutely false. On the very front page are a bunch of profiles to browse! And no login required!

]]> By: cw http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-739565 cw Thu, 18 Jan 2007 16:17:59 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-739565 Dick your last sentence was correct. Congratulations to Jeremy and Piczo.... and I'm sorry for all those messages on your cell phone. Dick your last sentence was correct.

Congratulations to Jeremy and Piczo…. and I’m sorry for all those messages on your cell phone.

]]> By: Rick http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-738826 Rick Thu, 18 Jan 2007 12:33:13 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-738826 haha Drama 2.0 that quote is so dead on haha Drama 2.0 that quote is so dead on

]]> By: Drama 2.0 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-738099 Drama 2.0 Thu, 18 Jan 2007 07:07:01 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-738099 With that type of usage, I'd agree it's not a good sign if they're not close to profitability and need this much money. Hopefully the investors see something that's not apparent to the rest of us. Otherwise it seems like another one of those "if we just give them more money we'll accelerate the path to profitability" investments that usually just accelerates the spending. It reminds me of the hypothetical situation where an investor asks "We're losing money on every product we sell. What can we do?" And the executive answers "It's easy. We'll make it up on volume!" With that type of usage, I’d agree it’s not a good sign if they’re not close to profitability and need this much money. Hopefully the investors see something that’s not apparent to the rest of us. Otherwise it seems like another one of those “if we just give them more money we’ll accelerate the path to profitability” investments that usually just accelerates the spending. It reminds me of the hypothetical situation where an investor asks “We’re losing money on every product we sell. What can we do?” And the executive answers “It’s easy. We’ll make it up on volume!”

]]> By: MistOne http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-738034 MistOne Thu, 18 Jan 2007 06:21:27 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-738034 sounds like they are being rewarded for building a strong presence in a very attractive niche - valuations and funding needs are all relative to the marketing value of their audience. nicely done! sounds like they are being rewarded for building a strong presence in a very attractive niche - valuations and funding needs are all relative to the marketing value of their audience. nicely done!

]]> By: Dick http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737989 Dick Thu, 18 Jan 2007 05:52:38 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737989 This is the most impossible site to view. It takes the cake in fugly. I dare anyone to stay on this site for more than 30 minutes. Your head will explode. Complete and utter chaos. maybe that's why the kids like it? This is the most impossible site to view. It takes the cake in fugly. I dare anyone to stay on this site for more than 30 minutes. Your head will explode. Complete and utter chaos. maybe that’s why the kids like it?

]]> By: SutroStyle http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737880 SutroStyle Thu, 18 Jan 2007 04:53:15 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737880 Piczo was actually a decent business when it was run by several guys here in SF in the bootstrap mode. I happen to know that they had very decent traffic when they operated on budgets like 100-200k/yr. They decided to make it big however. Now their traffic is flat, and the company is controlled by greedy VC. I think it's a failure. Piczo was actually a decent business when it was run by several guys here in SF in the bootstrap mode. I happen to know that they had very decent traffic when they operated on budgets like 100-200k/yr.
They decided to make it big however. Now their traffic is flat, and the company is controlled by greedy VC. I think it’s a failure.

]]> By: Morgan http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737652 Morgan Thu, 18 Jan 2007 02:53:50 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737652 Honestly, if you can't profit with 2 BILLION page views per month, I don't know who would hand you another 18 million, but I guess it's pretty high stakes poker out there. I think the idea is that these sites need ot make a major push, become a major player, or quit. I would think more of them would just grab hold of profitability and do more of what they're doing than to sell more and more of the company off. I guess that's why I'm neither granting nor securing my 4th round of VC funding. Honestly, if you can’t profit with 2 BILLION page views per month, I don’t know who would hand you another 18 million, but I guess it’s pretty high stakes poker out there. I think the idea is that these sites need ot make a major push, become a major player, or quit.

I would think more of them would just grab hold of profitability and do more of what they’re doing than to sell more and more of the company off. I guess that’s why I’m neither granting nor securing my 4th round of VC funding.

]]> By: Kieran http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737459 Kieran Thu, 18 Jan 2007 01:30:46 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737459 Piczo is a great site, concept and has a solid user base. It will only grow once its kid friendly features catch on more outside the UK. It will be interesting to see exactly how they spend that 11mm, yes it will be for expansion but how will they stand out? Piczo is a great site, concept and has a solid user base. It will only grow once its kid friendly features catch on more outside the UK. It will be interesting to see exactly how they spend that 11mm, yes it will be for expansion but how will they stand out?

]]> By: matthew http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737440 matthew Thu, 18 Jan 2007 01:23:29 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737440 geez that's a lot of money. i hope they can make it last! geez that’s a lot of money. i hope they can make it last!

]]> By: Dan Gudema http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737332 Dan Gudema Thu, 18 Jan 2007 00:36:51 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737332 Seems to me that Pizco is one of those horses now, where they have to win the race or they lose everything. Hopefully they will figure out how to sell the site off to Google, who are flush with overpriced stock, or MySpace before market realities kick in. Next we will hear that Club Penguin is getting millions. At least Club Pengin sounds better and easier to remember. If I were investing millions I would expect more than a 5 digit name thrown on the wall. Seems to me that Pizco is one of those horses now, where they have to win the race or they lose everything. Hopefully they will figure out how to sell the site off to Google, who are flush with overpriced stock, or MySpace before market realities kick in. Next we will hear that Club Penguin is getting millions. At least Club Pengin sounds better and easier to remember. If I were investing millions I would expect more than a 5 digit name thrown on the wall.

]]> By: ginchy http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737264 ginchy Wed, 17 Jan 2007 23:59:28 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737264 Oh good, just what the world needs. Another social networking site. Someone needs to start a company that lets people network all the social networks they belong to. Oh good, just what the world needs. Another social networking site.

Someone needs to start a company that lets people network all the social networks they belong to.

]]> By: Rick http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737242 Rick Wed, 17 Jan 2007 23:53:01 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737242 Amy, I'm having trouble with the idea too. I have trouble with a lot of the funding amounts I see here, even in a climate where some seemingly unintelligent acquisitions are made, the investment amounts don't seem to be at all in proportion to either what I'd estimate costs to be at or what I'd expect a liquidity event to be worth. This is very likely due to ignorance on my part, if so could someone please enlighten me? Amy, I’m having trouble with the idea too. I have trouble with a lot of the funding amounts I see here, even in a climate where some seemingly unintelligent acquisitions are made, the investment amounts don’t seem to be at all in proportion to either what I’d estimate costs to be at or what I’d expect a liquidity event to be worth. This is very likely due to ignorance on my part, if so could someone please enlighten me?

]]> By: Amy Wilsch http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737219 Amy Wilsch Wed, 17 Jan 2007 23:45:46 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737219 I fail to understand why a social networking site, assuming they have as many employees as Legacy.com (45) and MySpace (60) who do nothing but review content, needs $18 million dollars (especially when websites are not as expensive to build any more). Are they having lavish parties that we're not invited to? Unless they're blowing it mostly on advertising....which is ironic if their business model is based on advertising. I fail to understand why a social networking site, assuming they have as many employees as Legacy.com (45) and MySpace (60) who do nothing but review content, needs $18 million dollars (especially when websites are not as expensive to build any more). Are they having lavish parties that we’re not invited to? Unless they’re blowing it mostly on advertising….which is ironic if their business model is based on advertising.

]]> By: Praveen Rajan http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737198 Praveen Rajan Wed, 17 Jan 2007 23:37:31 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737198 Congratulations, Piczo! Kudos for the great work in enforcing security & privacy. Congratulations, Piczo!

Kudos for the great work in enforcing security & privacy.

]]> By: Rick http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737182 Rick Wed, 17 Jan 2007 23:32:49 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737182 For crying out loud, how many rounds are these guys going to need for a profitability event? Bubble much? For crying out loud, how many rounds are these guys going to need for a profitability event? Bubble much?

]]> By: Marshall Kirkpatrick http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737173 Marshall Kirkpatrick Wed, 17 Jan 2007 23:31:46 +0000 http://www.techcrunch.com/2007/01/17/piczo-raises-11-million/#comment-737173 Some people might say that young users seeking security are the most viable of any niche social networking market but I think they are just an indication that future generations will be interested in social networking in general and will look to specific sites to fill their most pressing needs. Congrats to Piczo. Some people might say that young users seeking security are the most viable of any niche social networking market but I think they are just an indication that future generations will be interested in social networking in general and will look to specific sites to fill their most pressing needs. Congrats to Piczo.

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