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November 21, 2011 01:06 am GMT
In episode II of his Founder Stories interview with host, Chris Dixon,Kiva Systems founder, Mick Mountz discusses traversing the country in search of capital shortly after launching his company almost a decade ago.With plans to disrupt the picking, packing and shipping industry, Moutz went shopping for investors on Sand Hill Road and found none. He says "they were retrenching at the time... and not only were they not making investments, I was coming in with a hardware investment and they were like, you are going to need $100-million to get anywhere near cash flow positive, they just wouldn't touch it."
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WxNYlv5kYTk/
(Founder Stories) Mick Mountz: East Coast VCs Are Willing To Look At More One-Off Type Opportunities
In episode II of his Founder Stories interview with host, Chris Dixon,Kiva Systems founder, Mick Mountz discusses traversing the country in search of capital shortly after launching his company almost a decade ago.With plans to disrupt the picking, packing and shipping industry, Moutz went shopping for investors on Sand Hill Road and found none. He says "they were retrenching at the time... and not only were they not making investments, I was coming in with a hardware investment and they were like, you are going to need $100-million to get anywhere near cash flow positive, they just wouldn't touch it."Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/WxNYlv5kYTk/
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