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Boo the VC's in this one! The investors of BootupLabs did not have confidence in 57% of their latest pool of startups. i wonder why they invested at all if the

Boo the VC's in this one! The investors of BootupLabs did not have confidence in 57% of their latest pool of startups. i wonder why they invested at all if they dont fully back their judgement? Here's what probably happened, I bet the investors squeezed Boris and Danny with the alternative option being closing their doors early on all 7 companies. Sometimes VC's do evil things to extract more ownership in last minute negotiations (knowing very well that BuL was out of cash). I bet Boris and Danny would have wanted to follow through.

realitycheques 16y ago
Right! And where is the investment support from all the big name, successful mentors?? Guess they're either free-riders or store window dressing...
libretard 16y ago
This might be a valid assertion if there were any VCs investing in Bootup Labs. There evidently aren't.
- jamesshamenski 16y ago
  Evidently, the VC's investing in BootupLabs are 'W media ventures' and 'growthworks'. http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-first-funding-completed-portfolio-reduced/ http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-firs...
  - realitycheques 16y ago
    growthworks has one of the lowest rates of return of venture funds,
gyardley 16y ago
I can't speak for every investor in this incubator but Boris Wertz of W Media Ventures has money in my own startup and I've always found him to be an upstanding, helpful guy - First Round Capital introduced him to me and I've always been grateful for that. I wouldn't particularly call Boris a VC, though - more of a large angel, investing the money he made from the startup he founded himself. It's a bad idea to slight individuals you don't know anything about just because you think they belong to a generic 'VC' category.
- jamesshamenski 16y ago
  A lower tide sinks all boats. I hear you when you say it's bad to slight individuals you don't know anything about. I am very familiar with Boris Wertz (through multiple friends of friends) and the good he has done for the small Vancouver tech scene. However, this is a massive blow in the effort to encourage tech companies to establish a presence in Vancouver (effecting the Vancouver VC recruiting pool). Some other city will be drinking Vancouver's Milkshake.

realitycheques 16y ago

Right! And where is the investment support from all the big name, successful mentors?? Guess they're either free-riders or store window dressing...

libretard 16y ago

This might be a valid assertion if there were any VCs investing in Bootup Labs. There evidently aren't.

jamesshamenski 16y ago
Evidently, the VC's investing in BootupLabs are 'W media ventures' and 'growthworks'. http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-first-funding-completed-portfolio-reduced/ http://blog.bootuplabs.com/2010/04/14/wertz-joins-board-firs...
- realitycheques 16y ago
  growthworks has one of the lowest rates of return of venture funds,

gyardley 16y ago

I can't speak for every investor in this incubator but Boris Wertz of W Media Ventures has money in my own startup and I've always found him to be an upstanding, helpful guy - First Round Capital introduced him to me and I've always been grateful for that. I wouldn't particularly call Boris a VC, though - more of a large angel, investing the money he made from the startup he founded himself. It's a bad idea to slight individuals you don't know anything about just because you think they belong to a generic 'VC' category.

jamesshamenski 16y ago
A lower tide sinks all boats. I hear you when you say it's bad to slight individuals you don't know anything about. I am very familiar with Boris Wertz (through multiple friends of friends) and the good he has done for the small Vancouver tech scene. However, this is a massive blow in the effort to encourage tech companies to establish a presence in Vancouver (effecting the Vancouver VC recruiting pool). Some other city will be drinking Vancouver's Milkshake.