With a hat tip to Mauricio for pointing it out, look at the story of Agami, the start-up with the oh-so-novel idea of providing "enterprise-class unified network storage solutions".
After raising $45million from three rounds of venture funding – including big valley name Kleiner Perkins.
Valleywag has a conspiracy theory saying that;
our guess is [the founder] is keeping quiet trying to be a "team player" for the boys on Sand Hill road in order to stay on their roster of cooperative executives ready to work on — and sometimes unceremoniously shut down — future ventures
Anyone prepared to agree with me now that the VCs went through a year or two of funding anything that moved? And in the process fuelling a growth in valuations, and a growth in hype that can have only one consequence for a number of those caught up in the melee?