So - one of my client companies has just closed another round of financing. Strangely enough, it didn't need the money, but thought it might as well get the money in whilst it was on offer. Don't know about the terms attached though.

Seems strange how so many companies with fairly weak ideas can attract investment. From what I've seen, the investors are betting on the people rather than the technology - and they also like people who have failed at least once already. Something about experience of failure. I just wonder what's the optimal amount of failures? 2? 3? Maybe an interesting dot-com idea is one where you get a limited amount of funding, spend it all, and all of the founders are now more experienced and can move up the "investment" ladder.

I should franchise that...