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RedBeacon was the 3rd winner (year 1: Yammer, year 2: Mint.com) – not bad company. The company was called Red Beacon. I acted as the occasional mentor, advisor and coach to Ethan. I was standing with him when he won the TechCrunch 50 award. In the same year they won Business Insider’s Startup competition. Nice sweep!
If you’re working at a startup and the founding team is promising that they’ll “get around to creating an employee stock option plan&# soon – demand it now. Bad behavior but prevalent. Minutes 11-16 in the video. << Anyway, it cover this at length in the video around minute 57.
So there is likely robust demand from borrowers. And I know that great startups like Yammer are doing well. This is interesting because just 2 years ago many of these businesses were shut down by the SEC. What interests me is that with the credit crunch we know that credit has tightened significantly for businesses and consumers.
I honestly believe I learned more by rising up the ranks and becoming the president of my fraternity than I did in the class room reading about supply & demand curves in economics. She’s protecting them from the most intellectually demanding activities. I’ll write that post one day – it is a very interesting story.
They built in a feature called “auto scaling&# that monitored for traffic spikes and automatically provisioned new servers on demand and decommissioned them if your traffic surge subsided. .&# An early star in this category has been RightScale. So far in the stack we’ve only spoken about infrastructure.
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