Sunday, July 13, 2008

Israeli Hi-Tech tsunami is here?

Just read about Qlusters R.I.P. They left this world with 11M$ in the bank. The company just recently closed a 10M$ round.
So, what's the story? Well, Qlusters developed a very promising technology and gained some awards for their achievements throughout the years they existed.
The company raised quite a lot of money and its burn rate was not so fast, at least as I can estimate according to public numbers.
And still, the company investors decided to take back their investment and shut the company doors. This means not only the investors couldn't see how the company works out the near-coming-bubble-blow, but they stopped believing in this company ability to exist in the market. Just after they decided to invest...

Well, always look at the bright side of the moon....

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