My expectations for 2009 are that things will get worse before they get better. On the portfolio company side, I would rather have my companies growing at a lesser rate getting closer to breakeven than growing too aggressively and burning lots of cash. Once your house is in order (see some earlier posts I made [...]
Cisco raises another $4b in cash and looking for acquisitions
Feb 10, 2009
in Investing/Markets
Ashlee Vance from the Bits Blog has a nice piece on why Cisco raised another $4b of cash through a debt offering yesterday even though they have $30b in cash. "As word of Cisco’s debt sale hit Wall Street, the standard chatter surrounding possible targets began anew. As usual, companies like EMC, NetApp, Sun Microsystems, [...]
Best iPhone Photo App – Phanfare Photon
Feb 4, 2009
in Digital Media
It is great to see my friend Andrew Erlichson getting some rave reviews for Phanfare Photon, his iPhone photo app. According to ReadWriteWeb:"Phanfare's Photon is currently the best photo sharing and photo management app on the iPhone. It is important to note that Photon puts less emphasis on social feature than other services like Radar, [...]
Ed Sim is founder of BOLDstart Ventures and co-founder of Dawntreader Ventures. Mr. Sim has over 15 years of venture capital experience having led seed and first round investments in a number of high profile Internet and software companies.
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