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Saturday, October 15, 2011

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

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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