Comments on: Minglebox’s Controversial $7 Million Funding From Sequoia http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/ Sat, 21 Nov 2009 10:47:10 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Sequoia Capital India Invests About $8 Million In Just Dial http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/comment-page-1/#comment-28050 Sequoia Capital India Invests About $8 Million In Just Dial Sat, 25 Jul 2009 00:00:47 +0000 http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/#comment-28050 [...] Director Sandeep Singhal will be joining Just Dial’s board of directors.  The last time I wrote about Singhal was when there was potential conflict of interest in Minglebox’s round of funding by [...] [...] Director Sandeep Singhal will be joining Just Dial’s board of directors.  The last time I wrote about Singhal was when there was potential conflict of interest in Minglebox’s round of funding by [...]

]]> By: Lisa Sharma http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/comment-page-1/#comment-10351 Lisa Sharma Sat, 03 Nov 2007 04:40:20 +0000 http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/#comment-10351 Even after 5 months of getting funded, Minglebox's Alexa ranking does not compare with a site of $7 mn in funding. I wonder i their smaller rivals such as Yaari.com, MetroJoint.com, IndyaRocks.com (all 3 climbing up the chart) will surpass without even that kind of funding. Did sequoia made a wrong investment in minglebox? Their only revenue source seems to be advertisements and with no great visitor-base, there seems to be a black future for this social network. Kavita Iyer's so-called ton of experience does not seem to be working here. Even after 5 months of getting funded, Minglebox’s Alexa ranking does not compare with a site of $7 mn in funding. I wonder i their smaller rivals such as Yaari.com, MetroJoint.com, IndyaRocks.com (all 3 climbing up the chart) will surpass without even that kind of funding.

Did sequoia made a wrong investment in minglebox? Their only revenue source seems to be advertisements and with no great visitor-base, there seems to be a black future for this social network.

Kavita Iyer’s so-called ton of experience does not seem to be working here.

]]> By: NewHat http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/comment-page-1/#comment-9076 NewHat Sat, 26 May 2007 07:05:16 +0000 http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/#comment-9076 "... average starting salaries for TOP softweare engineers - Rs 180,000 - 300,000 ..." wake up and smell the coffee - you won't be able to hire a fresh graduate from a college of any repute for that money in bangalore. the top freshers that get picked by the likes of google get anywhere from Rs. 900,000 - 1,500,000 ($22,000). And thats the freshers. You want some experience and want TOP engineers its in the range of a third of what engineers get in the US. Having said that $7M is a lot of money for a social networking startup in India and I am sure this number does not reflect what minglebox would have actually gotten. My guess is it would be somewhere in the 2-3 M range. ... and the relationship - I looked at Kavita's profile, IIT/IIM and a ton of experience with consumer products. I wonder how (who?) come the thing that is getting the attention is the relationship ... “… average starting salaries for TOP softweare engineers – Rs 180,000 – 300,000 …”

wake up and smell the coffee – you won’t be able to hire a fresh graduate from a college of any repute for that money in bangalore. the top freshers that get picked by the likes of google get anywhere from Rs. 900,000 – 1,500,000 ($22,000). And thats the freshers. You want some experience and want TOP engineers its in the range of a third of what engineers get in the US.
Having said that $7M is a lot of money for a social networking startup in India and I am sure this number does not reflect what minglebox would have actually gotten. My guess is it would be somewhere in the 2-3 M range.

… and the relationship – I looked at Kavita’s profile, IIT/IIM and a ton of experience with consumer products. I wonder how (who?) come the thing that is getting the attention is the relationship …

]]> By: Minglebox’s Controversial $7 Million Funding From Sequoia »Technology News: Venture Capital Startups Web 2.0 Tech News http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/comment-page-1/#comment-9001 Minglebox’s Controversial $7 Million Funding From Sequoia »Technology News: Venture Capital Startups Web 2.0 Tech News Fri, 11 May 2007 23:51:33 +0000 http://pulse2.com/2007/05/11/mingleboxs-controversial-7-million-funding-from-sequoia/#comment-9001 [...] Source:Pulse 2.0: Web 2.0 Reviews & Profiles [...] [...] Source:Pulse 2.0: Web 2.0 Reviews & Profiles [...]

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