Sure, Cuill (or is it Cuil?) tripped out of the gates after a much hyped launch, that much we know. But with all due respect to the otherwise on-the-ball Matt Marshall and Venture Beat, he’s missing the point on Cuil’s admittedly absurd $200M valuation in the last venture round. We’re not doubting the fact that the valuation was absurd and in hindsight, way over-valued. What we’re saying is that this is typical behavior of VCs who - let’s face it - could not identify a valuable business from a puffed press release if their lives depended on it.
Cuil isn’t worth 200 rupees, let alone 200 million rupees or dollars, but that is not the point. The point is: continue reading...
