Suma Platinum GeForce2 MX400 Good news for graphic card users. Palm m505 Slim and colour-rich. So says Singaporean engineer, investor and entrepreneur Jason Lim in talking about the recent failure of his Silicon Valley startup. But while he wished things had turned out better for his e-commerce infrastructure firm 3Fusion, Mr Lim has no regrets about plunging into the venture in the first place.
People fail, pick up the pieces and move on.
3Fusion's story was not much different from those of other Silicon Valley 'dot-bombs'. In less than one year, the money had run out, the venture funding environment had turned hostile, investors and entrepreneur couldn't agree on a solution, and the company had to be shut down last November. Founding 3Fusion was Mr Lim's first foray into starting a company by himself. After graduating from Purdue University in Indiana, Mr Lim worked at Motorola, Sun and Oracle before joining Netscape in early 1995 as a lead developer. Netscape's wildly successful IPO that year made Mr Lim, with his stock options, a millionaire.