September 4, 2007

$300 Milly for Facebook App Shops

 WSJ says:

Menlo Park, Calif.-based venture firm Bay Partners has raised $300 million specifically for companies developing Facebook applications and is making $25,000 to $250,000 investments per application.

Here’s the full story.

Every entrepreneur — brick-and-mortar, internet, and everything in between — should be aware of companies like Facebook, Twitter, Bebo, Flickr and the legions of other growing online communities.  Each community represents a business model/marketing plan waiting to happen.

Cash>Your mom

Quote of the day:

” … cash is more important than your mother.”

I love it.

Here’s the rest of Fred Wilson’s insightful post.