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It saddens me that some companies, sometimes without revenue (I dunno if that is the case with HootSuite) get multi-million deals, and some brilliant startups b
by speeder 13y ago
It saddens me that some companies, sometimes without revenue (I dunno if that is the case with HootSuite) get multi-million deals, and some brilliant startups by unknown people cannot get 50k USD borrowed by a bank...
Although my associate worked for a Angel Investing company and my main seed investor work for a investment bank, we still don't understand who get selected to get funded or not (we DO know the formal requeriments, but seemly meeting them only make possible to talk with some investors, but that is it, lots of investors will just outright ignore you)
- photorized 13y agoNote that HootSuite is a very popular tool, almost every single marketer that I know is using it.
- speeder 13y agoI know, we use it too, but it is not only HootSuite, there are several investments that get obviously excessively popular, sometimes not tech related at all too (like Eike Batista, that convinced Brazil government to give him 10 billion and lost it all somehow...)
- photorized 13y agoThat does happen, nothing we can do about that. :)
- steveklabnik 13y ago> (I dunno if that is the case with HootSuite) From the article: > And it was already profitable.
- pkaler 13y agoYour lament/envy is misplaced in this particular case. Hootsuite sells into the enterprise and has tons of revenue. It looks like you are a game developer by looking at your profile. Sorry to be the bearer of bad news but game companies just aren't that great of an investment for investors. Game development is a hit based business and investors prefer to invest in scalable, repeatable models.