Feeds

back to article ParaScale shrugs off funding fail and declares 'We're rockstars'

Cloud network-attached storage (NAS) startup ParaScale has been forced into some emergency self-surgery after failing to seal a funding round. What is happening and where is it going? Founder and chief technology officer Cameron Bahar said: "It is true that we were not able to raise our series-B round of financing with Sajai …

COMMENTS

This topic is closed for new posts.
Bronze badge
Megaphone

Rock star team?

Drug-addicted, irascible, shouty, unreliable, sleeping during day, knowing 3 chords (if not just lip/handsynching) and changing style according to whim or market demands? Cool, sounds like my kind of environment!

0
0
Silver badge

Never a problem whenever the solution is known

"Bahar said its current travails were neither a marketing or product problem: "Interestingly we have had a lot of interest from both enterprise and service providers for our cloud storage product and have sold product into both environments.

"Our current predicament is a financing problem and not a fundamental market/product problem.""

Quite obviously is it a fundamental marketing of product problem and that is always a result of poor and/or non existent leadership.

0
0
This topic is closed for new posts.