News for hackers. Stuff that matters.

A comment on Newcastle startup scene reaches 'critical mass' [video]. Parent comment

Re:Newcastle startup scene reaches 'critical mass' [video] by cabalamat on Thursday February 07, 2013 @04:49AM (#5181275)
> VC funded burn-out outfits

Explain this term please.

[ Parent | on HN ]
Re:Newcastle startup scene reaches 'critical mass' [video] by meaty on Thursday February 07, 2013 @04:50AM (#5181280)
Take cash from VCs, burn it on shit (some of which is legally dubious such as the rise of the ticket tout startup), fold making no profit.
[ Parent | on HN ]
Re:Newcastle startup scene reaches 'critical mass' [video] by twitchhiker on Thursday February 07, 2013 @08:09AM (#5181816)
You appear be describing Silicon Valley also.
[ Parent | on HN ]
Re:Newcastle startup scene reaches 'critical mass' [video] by meaty on Thursday February 07, 2013 @08:34AM (#5181911)
Fair point actually!
[ Parent | on HN ]