DISQUS

VentureBeat: Stretch raises $15 million for surveillance camera chips

  • PonziSchemes · 10 months ago
    Another company that raises several hundred million dollars in financing in the face of entrenched and growing competition only to fold up after a while for cents on the dollar at best. Examples: Force10, 3ParData, OnStor, etc.
    And what's funny is that it is Worldview behind all of them. Looks like a ponzi scheme for Worldview partners (the few that remain) to collect the management fees.
    Here's a suggestion: look at all the Worldview deals, count the numbers that raises in excess of $100M and see what became of them, and crosscheck companies funded by both Worldview and Oak (tip: Commverge) and see what became of them.
  • Home Security Systems · 6 months ago
    Stretch raises $15 million for surveillance camera chips but with this surveillance camera even can save some billions...can save some life..