Back in October we wrote about Baydin, a startup that managed to land some of its seed funding with some very unusual tactics: by giving Dave McClure a ride to his mechanic and pitching him along the way.
McClure committed to invest by the end of the ride — and the startup has been working to close other investors (though more traditional means, presumably) since then. Today, it’s announcing… → Read More
Prashant Gulati says that TechCrunch should be banned in the Middle East. That’s not because he isn’t a big fan of the site, but because he says it “puts some naïve and green young ones at a disadvantage”. The Dubai-based technologist and angel investor funded a startup recently. Soon after he made the investment, he learned that the majority of the money had been withdrawn from the bank. → Read More
How did they get McClure to invest? By giving him a ride from a meeting to his mechanic.
Editor’s note: The following report comes from Don Dodge, who blogs at Don Dodge on The Next Big Thing and is a business development executive for Microsoft. TechStars is a startup accelerator program that selects about ten companies and provides funding of $18,000 per team, as well as free office space, operational support, and mentoring from top investors, entrepreneurs and business leaders. → Read More