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Is anybody following the debacle at PowerAgent?
It seems they've run through roughly $16 million
of investors money (including EDS and Draper Fisher)
and are threatening to go out of business unless
they get $20 million more.
http://www.adage.com/interactive/articles/19970915/article8.html
http://www.yahoo.com/headlines/970911/tech/stories/internet_1.html
http://www.herring.com/mag/issue46/secrets.html
My favorite quote was from David Carlick, the president
of PowerAgent: ""It was a big idea. It needs big funding."
Is the Internet just not ready for a full service targeted
advertising shop?
Andrew Forbes
If you do not like the opinions expressed above, not
only will I retract them, but I'll deny I ever said them.
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