Estately Announces funding
We announced a round of angel investment yesterday. It’s been quite a ride getting to this point and I’m very excited about the next year – we’ll have more news to share soon enough.
I’d like to thank Brier Dudley, John Cook, Bloodhound blog and everyone else for covering the news!
Join the discussion »Free falling costs and website funding
The trend towards small, efficient startups like Menuism, 37Signals, and the Robot Co-op and a host of other small, unfunded or minimally funded startups is forcing venture capitalists to scrounge for non-traditional investments (halfway down the page).
ALTERNATIVE INVESTMENTS The blog VentureBeat has been following the venture capitalists scrounging for alternatives to technology investments as free-falling costs have drastically cut the need for outside financing. This week, Eric Eldon noted that Kleiner Perkins took part in a $50 million investment in YesPPG, a shirt factory in Shanghai (venturebeat.com).
There is no doubt that it takes money to start a company (although it doesn’t take much for a web-site!), but one has to wonder if it really takes $20 million+ to provide an outstanding experience to consumers like our massively funded competitors seem to believe.
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