Archive: July 02, 2008

Wednesday, July 2, 2008

1. TN Business Magazine: Digital Divide:

   Such talk prompts the question: If Digital Reasoning is shaping up to be the next big thing, or at least possibly a part of it, why hasn't there been more interest from VC types? At least three local finance gurus told BusinessTN that nobody would fund Digital Reasoning because its management structure is flawed. A big red flag, said one of them, is the fact that Estes' mother is calling all the shots for the company. (Granted, in the wake of Estes' Technology Council speech, it's unlikely Midstate investors feel warmly disposed toward him.) For his part, Estes dismisses such criticisms, citing a lack of effort by the VC community to understand his company. "In three and a half years, we haven't had a cursory due diligence done on us," he says.

   Lol.

     ¶ (1)