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Just because you are VC funded does not mean you have unlimited funds

I was at an event recently when I heard the following during a presentation: “we are VC funded so don’t have to worry much about hosting costs…” Having worked for about 6 startups over the last 10 years (none of them VC funded incidentally), this was probably the most arresting thing I have heard all [...]

Access to global, open and transparent funding now a reality for tech startups

I received this interesting piece of news from Jouko Ahvenainen who apart from being one of the founders of Xtract is also the Chairman in Grow VC, the pioneer of a new funding models for start-ups. They launched an invitation-only beta last Tuesday, and is aimed at mobile and web start-ups. Jouko tells me that [...]