While reading an article in the March 22nd edition of NETWORKWORLD by Jon Brodkin entitled “DEMO start-ups for the cloud”, I made note of a particularly interesting quote by Jeff Crown, president of DEMO, presenter at VenueGen, that “ this is a tough time for start-ups looking raise venture capital.” Venture capitalists are looking for companies that are both targeting a rich market and have already demonstrated progress in winning over customers.
Since a lot of these startup companies are struggling for capital it makes sense that they would largely benefit from a CAPEX service like cloud computing and managed server type services.
Is anyone else witnessing this phenomenon?
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