Austinist: Austin Ventures Commits $50 Million to Create Social Enterprise Software and Services Company

Grape Ape

Mon, 28 Apr 2008 20:56:25 -0600

Enterprise grade social networking is the next big thing. I've been implementing the basis for this at my company for the last nine months. It's really good stuff if you can start from scratch, but I can see where it would be a huge hassle for any company with a lot of processes already in place. There's stuff out there already, its more a matter of implementing the idea and not the product.

seth

Mon, 28 Apr 2008 20:42:03 -0600

Austin Ventures has a pretty strong track record, actually. They were strong before the dot com bubble and afterwards. Part of that is picking good ideas to back. Part is also knowing when to hold 'em and fold 'em. And lastly, they know when to walk away from the table, and when to run. Seth

deadflowers

Mon, 28 Apr 2008 17:55:53 -0600

Frankly, this sounds familiar to some of the rhetoric heard during the last dotcom bubble. I am interested to see if they actually get it right this time or if this is just another bubble waiting to explode.