Here's a very interesting list of the top 20 worst VC investments of all time. My favorites include Pets.com, CueCat, and Procket.
Really, makes you think when's a good time to sell off one's firm if the valuations can go up and down so dramatically. Also, with Sabeer Bhatia back in the news it makes you think whether the $400 million he sold Hotmail for was the right price, considering its worth a few $billions now. But in a recent interview he said something very straightforward, "When you've got $5000 in the bank, and someone offers you $400 million, the choice is pretty simple". Especially, when the first offer he got from Microsoft was a measly $160 million.
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Monday, December 03, 2007
Worst VC Investments
Posted by Kanwal K Mookhey at 11:27 PM
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3 comments:
Thanks for sharing this. You made the process become easier than I was envisaging. I hope I can get WP plugin that
will help sell from my already existing blog? I seriously need to start commenting.
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