A VC in Vacationland

Charles River Ventures, a pioneer fund in the software and supply chain space ( read: Yantra) has come up with a neat program that is the rage of VC discussion groups and Blogs today.  Called the Quick Start Seed Funding Program, the program offers companies a loan of up to $250,000 to fund the initial stages of a new idea.  Presumably the CRV partners will decide what are good ideas.

My initial reaction is that they are moving into the angel space, funding "good ideas" rather than assets like software and customers, but, hey, the more the merrier.

For all you start up wannabes out there, check it out when you have a few minutes, but call me first if you want to do something in supply chain.  I can give you the money and a lot of serious advice, networking and other value creating help.