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There has been a lot of very sagacious advice offered by Venture Capitalists and investors to their portfolio companies in the last week. I’ve read them all 3x. Dogster, Inc. is not VC-funded, and we have a negative burn rate (aka are profitable) by, I would credit, putting as much focus on multiple revenue streams as we had on growing a great service. We’ve always been a very risk adverse company, which I suspect in the next year will be reclassified as a quite sensible company. But for all the doom and gloom of the VC’s desperate to not keep their flock from getting culled like they did six years ago, the next couple of years will not be like 2002 and 2003. They may be for the VC firms that struggle to manage their overfunding and overvaluating tendencies of the last couple of years, but their retrenching into bunkers to... [read full story]
