Venture Capital Logic

By Deane Barker on July 1, 2003 | 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 ran out of money and shut down [ 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 investment. … “They’re the nicest people I’ve ever lost all my money with,” [a venture capital partner] jokes.