Comments on: Vringo scoops up $12 million http://www.saunderslog.com/2007/07/31/vringo-scoops-up-12-million/?utm_source=rss&utm_medium=rss&utm_campaign=vringo-scoops-up-12-million An outcome-driven leader, proven technology product developer, and marketer with over 20 years of hands-on experience including start-up, small and large business environments, and the board room. This is my blog. Thu, 26 Jan 2012 17:15:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dean Collins http://www.saunderslog.com/2007/07/31/vringo-scoops-up-12-million/#comment-5329 Dean Collins Tue, 31 Jul 2007 12:51:19 +0000 http://saunderslog.com/2007/07/31/vringo-scoops-up-12-million/#comment-5329 Alec, just because someone raised some money doesn't make it a good business (or a good business plan). A long time ago I came to the realisation that the money jocks are too stupid to know what does and doesn't make financial sense. As such it's my obligation to the IT community to only represent clients whose projects will not only get funded (as you can pretty much get anything funded if you spin it the right way) but projects that are actually going to make a return for it's investors. If all you are looking to do is raise funding then; 1/ You'll make a buck but 2/ You wont be doing the IT community any good in the long run. Personally i believe Video Ringtones do make financial sense - I just didn't like the way you posed the post that because they made "series B" they had a win. Clearly there is a lot of 'execution' between here and a successful business model. Regards, Dean Collins www.Cognation.net Alec, just because someone raised some money doesn’t make it a good business (or a good business plan).

A long time ago I came to the realisation that the money jocks are too stupid to know what does and doesn’t make financial sense.

As such it’s my obligation to the IT community to only represent clients whose projects will not only get funded (as you can pretty much get anything funded if you spin it the right way) but projects that are actually going to make a return for it’s investors.

If all you are looking to do is raise funding then;
1/ You’ll make a buck
but
2/ You wont be doing the IT community any good in the long run.

Personally i believe Video Ringtones do make financial sense – I just didn’t like the way you posed the post that because they made “series B” they had a win. Clearly there is a lot of ‘execution’ between here and a successful business model.

Regards,
Dean Collins
http://www.Cognation.net

]]> By: Alec http://www.saunderslog.com/2007/07/31/vringo-scoops-up-12-million/#comment-5330 Alec Tue, 31 Jul 2007 09:41:07 +0000 http://saunderslog.com/2007/07/31/vringo-scoops-up-12-million/#comment-5330 Hmmm... I don't believe that I said that they had a win because they had a series B, Dean. I believe I said that they had raised money because they had demonstrated the ability to execute and had traction. Minor quibble, I guess, because everything you've said is true. Hmmm… I don't believe that I said that they had a win because they had a series B, Dean. I believe I said that they had raised money because they had demonstrated the ability to execute and had traction. Minor quibble, I guess, because everything you've said is true.

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