Saturday, October 07, 2006

» Web 2.0 start-up survival: Business plans, revenue models required | Digital Micro-Markets | ZDNet.com

"For Sevin Rosen Funds, “The traditional venture model seems to us to be broken,” Steve Dow, General Partner, believes. The VC firm is therefore returning hundreds of millions in investor commitments lined up for a new fund it was in the process of closing."

There is also a fundamental problem in the Web 2.0 entrepreneurial mind set today: the cult of what I call the “amateur entrepreneur.”

I have served as Director of Mergers & Acquisitions for Societe Generale and have analyzed thousands of companies in all sectors, in the U.S. and abroad, and considered hundreds of solicitations by start-ups for venture capital.

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