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From around 44 minutes in at http://thisweekinstartups.com/maren-kate-donovan-zirtual/ http://thisweekinstartups.com/maren-kate-donovan-zirtual/: You have an $

From around 44 minutes in at http://thisweekinstartups.com/maren-kate-donovan-zirtual/ http://thisweekinstartups.com/maren-kate-donovan-zirtual/: You have an $11 million run rate business now. It's just extraordinary. I think the investment community has probably missed this investment. I think they really should be more focused on it. I consider you like a sleeper. At some point the investment community is going to look at this like, well this could be like, similar to an Uber or Lyft or one of these companies that really scales because there is such a huge opportunity to arbitrage between the cities and the work and when you get into the specialized stuff, it's going to be game over. It gets even worse towards the end, with Calacanis going full talk-up-my-investment mode, gloating about Zirtual's revenue and margin numbers, and the founder's abilities. That was Friday. Today on https://twitter.com/jason https://twitter.com/jason: 1/sorry to hear about @Zirtual shutdown today, as a fan of the service & as an investor. I don't speak for the company & have limited 411. 2/we have @marenkate booked for @TWistartups for this past Friday for weeks, I found out about issues on Saturday while out of the country. 3/wouldn't have suggested being on the show Friday if I knew they were shutting down Monday; confused at a $11m a year business imploding. You just can't make this stuff up.

dennybritz 11y ago
I think this is a good demonstration of the difference in impression you get from the press and what's actually going on.
- 7Figures2Commas 11y ago
  But this isn't the press. This is an investor hyping one of his own investments infomercial style and then a few days later, when it implodes, claiming he didn't have a clue. It's embarrassingly cringeworthy. What this demonstrates is that many startup investors know little more than what they read in the press. Lots of people assume prominent startup investors are smart, diligent and informed but the reality is that many angels know little more about the companies they've invested in than the suckers who were eagerly buying toxic mortgage-backed securities in 2007.

dennybritz 11y ago

I think this is a good demonstration of the difference in impression you get from the press and what's actually going on.

7Figures2Commas 11y ago
But this isn't the press. This is an investor hyping one of his own investments infomercial style and then a few days later, when it implodes, claiming he didn't have a clue. It's embarrassingly cringeworthy. What this demonstrates is that many startup investors know little more than what they read in the press. Lots of people assume prominent startup investors are smart, diligent and informed but the reality is that many angels know little more about the companies they've invested in than the suckers who were eagerly buying toxic mortgage-backed securities in 2007.