Here is another post by Boris: http://bmann.ca/what-i-did-tonight http://bmann.ca/what-i-did-tonight Disclaimer: I've known Boris Mann for a while. He is a st

Here is another post by Boris: http://bmann.ca/what-i-did-tonight http://bmann.ca/what-i-did-tonight Disclaimer: I've known Boris Mann for a while. He is a stand up guy. It's a crappy situation on all sides. Missed capital calls happen during downturns. It's shitty for the investor that can't make the call. It's shitty for the VC that is running the fund. It's shitty for startup founders. On a personal note, my company had a bunch of clients miss invoices in Q4 2009. Cash flow was horrible for that quarter. Q4 2009 was crappy globally. It was extra crappy in Vancouver. A whole bunch of investors had cut deep in 2009 and the deepest cuts had been scheduled for Q4. Anyone that had money had allocated it for February 2010. The Olympics were in town and everyone was doing their big push for that month. I don't personally know Jamie of Status.ly but I do know others that were also let go and I do wish them the best.