http://eu.techcrunch.com/2008/06/23/nokia-kicks-off-the-scramble-for-location/ Tracking European web and mobile start-ups Sun, 08 Nov 2009 08:21:42 +0100 hourly 1 http://eu.techcrunch.com/2008/06/23/nokia-kicks-off-the-scramble-for-location/comment-page-1/#comment-142247 Peter Mon, 23 Jun 2008 15:23:18 +0000 http://uk.techcrunch.com/?p=1350#comment-142247 Mike, the lead investor of Plazes, Christophe Maire, who founded Gate5 and sold it to Nokia and who got the moneys from Doughty Hanson Ventures, might be for something in this acquisition. As we all know, sometimes rational valuation of internet companies doesn't work, and some start-ups who were well-hyped, which is the case of Plazes (14M€ valuation form DHV in the last round), although they did not manage to gain momentum, because they got smart money (Marc Andreessen, esther Dyson, xing, etc...) manage their way out through an exit. But this has nothing to do with mass or even less commercial success. This is purely about politicking and opportunistic timing ;-) Nokia bought a brand, nothing more. But look, by any means the Nokia M&A team members have to justify their salary... Mike,
the lead investor of Plazes, Christophe Maire, who founded Gate5 and sold it to Nokia and who got the moneys from Doughty Hanson Ventures, might be for something in this acquisition.
As we all know, sometimes rational valuation of internet companies doesn’t work, and some start-ups who were well-hyped, which is the case of Plazes (14M€ valuation form DHV in the last round), although they did not manage to gain momentum, because they got smart money (Marc Andreessen, esther Dyson, xing, etc…) manage their way out through an exit.
But this has nothing to do with mass or even less commercial success.
This is purely about politicking and opportunistic timing
Nokia bought a brand, nothing more. But look, by any means the Nokia M&A team members have to justify their salary…

]]> http://eu.techcrunch.com/2008/06/23/nokia-kicks-off-the-scramble-for-location/comment-page-1/#comment-142222 Simon Grice Mon, 23 Jun 2008 12:53:00 +0000 http://uk.techcrunch.com/?p=1350#comment-142222 mashup* is holding a Workshop 2pm - 6pm on the wider topic of 'Local 2.0 - Hyperlocal' on the 18th September in London: http://mashupevent.com/event/mashup-workshop-local-2-0-hyperlocal mashup* is holding a Workshop 2pm – 6pm on the wider topic of ‘Local 2.0 – Hyperlocal’ on the 18th September in London:
http://mashupevent.com/event/mashup-workshop-local-2-0-hyperlocal

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