Social Networking - Wednesday, October 24, 2007
"It Sucks" Says Judy's Book CEO On Startup's Closure
![]()
Judy's Book CEO Andy Sack is a decent guy so we feel bad for him that he is having to shut down the business. Judy's Book is a services recommendation site that had raised $10.5M.
Sack told the Seattle PI: "It was a good idea but it was just going to take too long. Our investors were tired. We were getting traction, but not enough traction. The board members said there wasn't enough terminal velocity to see the types of returns that they were looking for." Investors who didn't appreciate the slow pace were Ignition Partners, Mobius Venture Capital and Ackerley Partners.
Is there a lesson here? For us its just that we read about so many social networks that take off that it seems like a layup and that's just not the case. $10.5M in funding puts even more pressure on you to get big or go home.
Read - Seattle PI
More Recent Articles
XCOR Space Startup Further Funded
Thursday August 21, 2008
For successful tech entrepreneurs and investors 3 trends stand out for their encores: wine, alternative energy and space travel. We are bullish on the alternative energy meme but see space and wine as ego plays with high risk economic upside. We hat... Full Story
Post 9-11 Airport Security Startup Clear Raises $44.4M
Thursday August 21, 2008
On a trip through Denver International this week we couldn't help but be envious of the travelers who were gliding through the Clear line. Some jerk cut in front of our TSA line and of course the line ground to a halt. Another traveler explained that... Full Story
Categories
- Venture Capital (274)
- Advertising (366)
- Aircraft (15)
- Alternative Energy (202)
- ASP (38)
- Batteries (9)
- Biometrics (3)
- Communications (54)
- Digital Hollywood (16)
- Digital Home (32)
- eCommerce (392)
- Educational Software (19)
- eHealth (23)
- Email Software (5)
- Enterprise Software (226)
- Euro Ventures (80)
- File Sharing (21)
- Financial Software (24)
- Games (156)
- Hardware (44)
- Homeland Security (7)
- IMterviews (6)
- IPO (35)
- Jobs (40)
- Media (305)
- Nanotechnology (14)
- Networking (91)
- News & Updates (1384)
- Online (5)
- Peripherals (36)
- Photo Software (43)
- Publishing (7)
- RFID (3)
- Robots (15)
- Satellites (7)
- Search (187)
- Security (87)
- Semiconductors (68)
- Social Networking (377)
- Space (1)
- Sponsored Post (11)
- Storage (32)
- Tech stocks (29)
- Telecom Equipment (10)
- Video (203)
- Voice (64)
- Web 2.0 (101)
- Web Development (5)
- Where Are They Now (29)
- Wireless (347)







Post a comment