BUSINESS BLOGS
BUSINESS BLOGS
category: business
17 Jun 2008

I don’t know of too many publicly-traded companies who raise money from VCs, but here’s one: Answers.com.  I owned the stock but it was in the toilet for a while so I got out, at a loss.

Incidentally, Redpoint - whose claim to fame is funding Intermix (MySpace) and Right Media - backed Intermix when it too was publicly traded. This is actually something I always refer to: not to take anything away from them, but MySpace was far from the accidental success story.  For one, it could leverage eUniverse’s burgeoning traffic.  Second, it had a lot of funding… and most importantly, Friendster began to trip up on itself and its board’s ineptitude, largesse and prematurely grandiose vision at a time it should have focused on the product’s nuts and bolts.

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