mo.notono.us

Wednesday, April 01, 2009

Hey VCs - if Bit.ly is worth $8 mill, I'll resurrect the dead squrl.us for pennies

So TechCrunch has the story of bit.ly raising $2 milionl in funding for a valuation of $8 million (as in 800,000,000 pennies).  Considering the breadth of bit.ly’s offering (or lack thereof), that is just insane.

If any VC or angel investor is out there desperate to throw money at Web2.0 ideas, I’ll resurrect squrl.us for, let’s say, $500,000 (or 50,000,000 pennies)…

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2 Comments:

  • So Fred "A VC" Wilson, has a good comment on the bi.ly funding naysayers (like me): http://www.avc.com/a_vc/2009/03/thats-only-ten-lines-of-code.html

    Of course, it's not what goes into a product that makes it valuable, it what you get out of it.

    By Blogger Oskar, at Saturday, April 04, 2009 8:01:00 AM  

  • How cute and innocent I was 3 years ago - thinking that 8 million was a crazy valuation. You could buy 125 2009 bit.lys for one 2012 instagram!

    By Blogger Oskar Austegard, at Thursday, April 19, 2012 4:26:00 PM  

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