Lessons to be learned

I enjoy reading about dubious startups raising more and more money on TechCrunch every day. How about a startup to burn through $6M to develop a customer support forum software? Basically, it’s the same thing you can achieve with free and open sourced phpBB or dozens of other forum packages like that. Noone will pay you for this guys.

Or how about burning $34M to develop software that lets you “monitor your brand on Facebook and Twitter” and “engage with consumers around conversations regarding a brand”? You really can’t make this stuff up…

This entry was posted on Tuesday, January 19th, 2010 at 6:35 pm and is filed under Startups. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.