25 Feb '11, 5am

VCs are evil, don't take their dirty money, says one Malaysian startup.

VCs are evil, don't take their dirty money, says one Malaysian startup.

Hello there! If you are new here, you might want to subscribe to the RSS feed for updates on this topic. Powered by WP Greet Box This is a guest post Every day we read news about numerous startups and companies getting funded with plenty of cash . Initially, it seems like good news, but seriously, it does the whole SaaS (software as a service) ecosystem more harm than good. Most (although not all) VCs today are playing (the) “cash-rolling game”: They invest in companies without long-term sustainability in mind. Some real life examples we’ve seen in recent years: -Intuit acquired Mint.com (free financial solutions) for a whopping USD170 million. Do you think a company the size of Intuit doesn’t have enough marketing budget or couldn’t build killer features to win over Mint.com users? No, Mint.com is free and it was hurting [Intuit's own business] badly. -If you are a VC and...

Full article: http://e27.sg/2011/02/25/vcs-are-evil-says-this-malaysian...

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