Reactrix took 75MM (!) to project video games on the floors of malls, with an ad-supported (!) business model. 'twas ever thus.
Music startup Fuzz Artists couldn't get enough traffic to sustain a business model. So the founder blames the market, which in "better" times would have afforded him access to $10MM in capital to put his reckoning off by a couple of years. Shouldn't he instead be happy to have his life and his career back?
Or how about nTag Interactive, which sold RFID nametags for conferences. Not a crazy idea at all. But they hadn't had a news update since July '08, well before the market crash. What does this have to do with the current climate?
This is an incredible easy, lazy story for any journalist to write. There are always a collection of companies with a sob story to write about. When that collection includes Facebook, LinkedIn, or (hell) Twitter, maybe the story will have teeth.
It's because M is the roman numeral for a thousand and a million is a thousand thousand. (Although it wouldn't actually be expressed that way with the real roman numeral system; MM would be two thousand).
Comments
Reactrix took 75MM (!) to project video games on the floors of malls, with an ad-supported (!) business model. 'twas ever thus.
Music startup Fuzz Artists couldn't get enough traffic to sustain a business model. So the founder blames the market, which in "better" times would have afforded him access to $10MM in capital to put his reckoning off by a couple of years. Shouldn't he instead be happy to have his life and his career back?
Or how about nTag Interactive, which sold RFID nametags for conferences. Not a crazy idea at all. But they hadn't had a news update since July '08, well before the market crash. What does this have to do with the current climate?
This is an incredible easy, lazy story for any journalist to write. There are always a collection of companies with a sob story to write about. When that collection includes Facebook, LinkedIn, or (hell) Twitter, maybe the story will have teeth.
Unrelated question why do you put "MM" instead of "M" I've seen this before but don't know why it's done like that.
It's because M is the roman numeral for a thousand and a million is a thousand thousand. (Although it wouldn't actually be expressed that way with the real roman numeral system; MM would be two thousand).
Probably because M is already an abbreviation for thousand, e.g. CPM.
That's true, but the AP Stylebook says $...M means million; I too have only seen this used among the MBA types.
I don't know, I cargo-culted it from the m-team types in my last couple companies. ;)
M&Ms.
They were working for "peanuts".
I suspect History won't look favorably on the last decade.
Yeah but playing on the floor of the mall is a fookin' blast!