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Monday 14 November 2011

Web “Start-Ups” Hit Cash Crunch. Or Don’t, Depending On Whom You Ask

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WSJ reports that in contrast to the exuberance of most of this year, "for the past couple of weeks" startups are having a harder time raising early stage and Series A funding. "The start-up financing market is getting weaker by the week, no question," said Angel List's Naval Ravikant in the piece.Techmeme's Gabe Rivera (disclosure: Rivera just so happens to be my current significant other) tweeted out the article with a rejoinder, "You people could have blogged about this before WSJ got around to it" sparking a fierce Twitter debate between numerous high-profile investors including Chris Sacca, Chris Dixon, Mark Suster, Josh Felser, Ravikant and even a cameo by our own MG Siegler.]]>

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