I read this article just now, talking about how startups are running out of cash and failing all over the place. I found that the tone of the article almost blames the investors for not coughing up cash for a series B round.
Don't get me wrong, I'm sure they were all tackling giant problems, but really, if you raise $7 million for an internet startup, then run out of money and fail - I'm thinking it's not the investors fault.
At QuoteRobot, if we take a series A we'll be grateful to those investors who are part of it, but we won't be counting on a series B to create value in our company - that's our job. We plan to create value the old fashioned way, by selling a product over and over.
What do you think?