Cambridge Cluster

Image via WikipediaSad to read that Library House went into Administration earlier this week.  Hopefully someone will buy the database, perhaps The Chilli.

Glad that I am not the only one to feel the pain of this recession which is washing-out so many of the early stage investors.  Perhaps Doug Richards will fade away from the Cambridge Cluster as quickly as he arrived.  I still have not forgiven him for throwing my Yomp cards on the floor all those years ago.  Perhaps if he had used the Yomp as a business plan resource then all would have been well at Library House.  It was always a very strange business model as it was so very labour intensive.  Helping to produce the database for Equity Fingerprint taught me the vast value of data – it is so expensive to collect.

Mind you I see that our friend Fred Wilson of avc.com has just invested in AMEE.  They use software to aggregate data from the web – these are special spiders which do not need feeding or rest!  There are a number of organisations with the title AMEE – wonder how this one ended up with the .com?