Venture Capital Logic

By Deane Barker on July 1, 2003

statesman.com | Once bitten, not shy: Apparently you can lose a ton of money for a venture capital firm, and that same firm will hire you again to run a new company.

“…2 1/2 years after Garden.com ran out of money and shut down [Garden.com founders] are back at it. Their new software company, IronGrid Inc., has raised $1.4 million from Austin Ventures — quite an endorsement considering the venture capital firm lost money on its Garden.com investment. … “They’re the nicest people I’ve ever lost all my money with,” [a venture capital partner] jokes.

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