Fund: Charles River Ventures
Posted by Anonymous on 2008-10-12
Considering the current economic situation and the predictions of the marketâ€™s future described by Sequoia and others, I have the following questions.
a) Should we hold off on submitting to Charles River Ventures - QuickStart program"
b) Does anyone have any information as to whether CRV has placed a hold on funding companies for this program"
c) Or has stopped taking a serious look at companies applying for this program"
We are beyond the idea stage and actually have the technology proven and are in a private beta. We are seeking seed money and have developed our product/service with very little capital by keeping our burn rate very low and with sweat equity. Even when we receive seed funding we have planned on maintaining a low burn rate.
Any thoughts and insight would be appreciated.
Thank you.PRIVATE: Members Only