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emma 12/5/2012 | 12:52:51 AM
re: Crescent is Waning They failed to get the Telecom Italia deal and now they're completely dead.

RIP...
gigeguy 12/4/2012 | 9:31:11 PM
re: Crescent is Waning At this week's NGN conference, John McQuillan characterized startups that were going into hibernation to try to weather the storm as the "walking dead", and that they're only practicing self-delusion. He said that by far the better solution is for them to shut down rather than to just keep on going until the money completely runs out, but it's the nature of startup management to be optimistic. Their boards need to be much more realistic about their real prospects.
TriteReading 12/4/2012 | 9:31:06 PM
re: Crescent is Waning I checked their Careers page today...

"If you are highly motivated, talented, creative and enjoy working in a team environment, then Crescent Networks wants to hear from you.

If you are interested in working at a fast-moving, privately held company that is developing a world class, service-delivery solution for the hot telecommunications industry, then you want to hear from us."

Yeah right!!! "Hot" telecom industry...? Crescent wants to hear from you...?
BobbyMax 12/4/2012 | 9:31:00 PM
re: Crescent is Waning It isnot clear what blinds VCs. It is simply insane to fund a company in the area of edge routers. There are over 30 edge router vendors.

The entire telecom industry has almost vanished with no chance of recovery. When the stocks of two of the telecom giants, Lucent Technologies and Northern Telecom, is trading below a dollar -- there has to be concern on the part of the shareholders and Wall Street to launch a full fledged investigation of these two companies.
52470 12/4/2012 | 9:30:50 PM
re: Crescent is Waning Can anyone name a venture fund round C or D company that actually has a shot of making it? They all look like zombies to me.

monarch of the light 12/4/2012 | 9:30:45 PM
re: Crescent is Waning Corona, another misterious west-coast fiasco, has been gasping for breath for over 3 years now. Anyone knows whats going on there? Heard it might be breathing its last soon. Seems like a bay area counter-part of comps like Gotham, Sedona...
ipnavip 12/4/2012 | 9:30:43 PM
re: Crescent is Waning I checked their Careers page today...

"If you are highly motivated, talented, creative and enjoy working in a team environment, then Crescent Networks wants to hear from you.

..........

Oops, majority have been laid off; no one/money was left to tear down the career page, a common theme nowadays...

SS 12/4/2012 | 9:30:38 PM
re: Crescent is Waning Perhaps Coriolis Networks has a shot of surviving the inclement weather. I think it is looking for a Series D round. We have to wait and see.

-Shutz Staffel
lights_out 12/4/2012 | 9:30:25 PM
re: Crescent is Waning
gigeguy wrote:
"At this week's NGN conference, John McQuillan characterized startups that were going into hibernation to try to weather the storm as the "walking dead", and that they're only practicing self-delusion."

------------------------------------------------

The question is, is this hibernation? I have to
say no, it isn't. It's more like the Alamo, and
we all know how that ended.

The majority of the people who have remained
onboard are managers and VPs. Of the reported 21
there are only something like 8 engineers left
on staff, some of them looking at no longer than
3 weeks before they are let go as well.
xrboc 12/4/2012 | 9:30:09 PM
re: Crescent is Waning Coriolis just laid off a few more quietly. They have about a month.
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