Funding Landscape – Ireland

5th of December 2006 by admin

Conor from Loudervoice has a great post on his recent experiences with “funding” in Ireland.

I can imagine Conor spent the majority of the day travelling from Cork to Dublin and back again… for a wasted 30 minutes.

Conor:
“I did my little pitch and the immediate response was that they were not interested at all in any kind of investment. This was no problem, I've been around long enough not to take such things personally.”

Check this post from Mark Suster on raising funding in the US.

Does anybody know of any online venture that an Irish VC backed since 1995 ? [comments welcome]

This entry was posted on Tuesday, December 5th, 2006 at 1:37 pm and is filed under Irish Web2.0 News. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Funding Landscape – Ireland”

Conor O'Neill

December 5th, 2006 at 4:36 pm

I wouldn’t see it as wasted time at all, I found it a very informative meeting. Next time I’ll do a quick call first to make sure there is a glimmer of interest!

There is also no harm in getting to know all the faces for when they do decide tech is safe again (presumably when the property bubble bursts).

Paul Browne - Technology in Plain English

December 6th, 2006 at 3:43 am

There was another very relevant line that Conor had in his blogpost – about investors being focused on Property (to the exclusion of almost everything else).

This is sane behaviour when you look at the returns from property over the last 10 years.

Unfortunately it means that a lot of our financial talent is looking in the wrong direction from an IT startup point of view.