Great Quora response by Yishan Wong, discussing the (valid) reasoning that leads VCs to invest so much money in a startup with no product. If, like many, you're puzzled about this latest bubblicious investment, it's certainly a more worthwhile read than the countless "color.com is such a waste of money" posts.
Running a startup in the UK (or with a UK subsidiary)? Get in touch with my company, GrantTree. We help with government funding.
Monday, 28 March 2011