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Comments

All great points Colin. On the other hand, I know your own firm is hiring now- not thinking layoffs- and unless I'm misinformed, you did not require $48 Million upfront to make it happen.

I'm skeptical of massive startup funding, much less so about second stage funding (getting to 125,000 feet in the first place before stage 2 lights up proves a lot) and even less so about ongoing funding (revolvers) for going concerns (naturally Enron being the exception that proves the rule).

To me, the only businesses that likely need that kind of juice at the gun are those that require a helluva lot of concrete, steel, and energy.

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