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Venture Capitalists Not So Convinced $100 Million Mobile App Companies Exist
Venture Capitalists Not So Convinced $100 Million Mobile App Companies Exist
We've all read the stories : a small developer hits it big with an iPhone app, raking in as much as $800,000 in five months as iShoot's creator Ethan Nicholas did. These anecdotes don't seem to be going away, the latest to crop up is the news that the small Australian developer Firemint sold ...
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The $100 Million Mobile App?
dailywireless.org — ... They’ll make the guy in the garage happy and some angels very happy, he said. But venture capitalists want to be able to sell the company to another company or to the public in an initial public offering to get a return on their investment. “I’m not sure those venture style exits exist,” he said. But who cares, really, as long as iShoot’s creator Ethan Nicholas brought in $800,000 in five months on his creation. MocoNews mentions the small Australian developer Firemint which sold over 700,000 copies of its $0.99 ...

The iPhone: A 2nd Economy?
dailywireless.org — ... still a murky one. They’ll make the guy in the garage happy and some angels very happy, he said. But venture capitalists want to be able to sell the company to another company or to the public in an initial public offering to get a return on their investment. “I’m not sure those venture style exits exist,” he said. But who cares, really, as long as iShoot’s creator Ethan Nicholas brought in $800,000 in five months on his creation. MocoNews mentions the small Australian developer Firemint which sold over ...

The iPhone: A 2nd Economy?
dailywireless.org — ... was still a murky one. They’ll make the guy in the garage happy and some angels very happy, he said. But venture capitalists want to be able to sell the company to another company or to the public in an initial public offering to get a return on their investment. “I’m not sure those venture style exits exist,” he said. But who cares, really, as long as iShoot’s creator Ethan Nicholas brought in $800,000 in five months on his creation. MocoNews mentions the small Australian developer Firemint which sold over ...

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