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Charles River Ventures: Quick Start Program

Fund: Charles River Ventures

Posted by Anonymous on 2008-10-12

PUBLIC:

Considering the current economic situation and the predictions of the market’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.

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