Mike McCue knows a thing or two about raising a lot of money to keep as a war chest for his startups. Recently he just raised $50 million for Flipboard, but at the end of the first dotcom boom he raised $250 million for his last startup, TellMe. Resuming his conversation from Part I of Founder Stories with Chris Dixon, in the video above McCue dives into additional detail about preforming triage on�TellMe, his voice recognition company that narrowly survived the dotcom bust and was ultimately sold to Microsoft for $800 million With TellMe, the company raised a big round in 2000, just before everything started to crash. McCue had to make some hard decsions to cut back spending and focus the company. At first he laid off 50 people, which was devastating, but it wasn't enough. "I made the classic entrepreneurial mistake of not laying off enough people, so I had to do another one a quarter later," he recalls.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/7PuKBiMQXO4/
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