What am I Missy


Twitter keg party; Storing cold, hard cash

What am I Missy, Episode 22

Innovation series by Meliza Solan Surdi
June 9, 2009
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Anheuser-Busch has a Twitter account for Michelob to generate some buzz. Now beer lovers can chat with other fellow beer lovers. But if you have a Twitter account, aren't you supposed to be succinct? Last time I checked, the more beer someone consumes, the less succinct they become. And, another thing - how does a beer tweet anyway?

See: Michelob Twitter account under the spotlight

Since the post-Enron regulation that doubled the time needed for startups to go public, venture capitalists have been thirsty for liquidity. Some VCs see the opportunity in the current cash flow crunch. Tim Draper, whose various funds invest in over five hundred startups, unveiled one of his latest investments called XChange. This company is a trading platform for private company stock where VCs, equity holders, and qualified buyers can trade restricted assets. But are these private exchanges a short term patch for a temporary IPO drought or a permanent fixture?

See: Tim Draper unveils the XChange marketplace

Given the fact that banks are not doing so well these days, where should founders stash their newly-raised, cold-hard cash? Believe it or not, the best place is the refrigerator, according to the founders of Heyzap, a startup that allows Web sites or blogs to take the most exciting flash games and embed them onto their Web site. Founders Jude Gomila and Immad Akhund decided it would be best to store their recent round of seed funding safely away in the office refrigerator. How much was in there? Since the door did not budge, we were unable to find out.

See: An inside look at Heyzap

Related companies, investors and entrepreneurs

Description: Heyzap allows any website or blog to take the most exciting flash games and put them into their website. This results in the website/blo...
Description: What is Twitter? Twitter is an online information network that allows anyone with an account to post 140 character messages, called tweet...

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