We never were much for boy bands, so not really a fan of companies created by VC’s. Without passionate founders, the odds of success are limited. Give us a singer/songwriter any-day.

So it was no surprise to see that N2N Commerce had folded. N2N was created by a VC and the Limited Brands to build a web commerce site for Victoria Secrets. After $30M invested, no completed system and all effort focused on one major customer, the writing was on the wall.

The good news is, Allurent, Optaros, Demandware and others got some of that cash, so it wasn’t all bad for the startup ecosystem.

Sorry to see a company bite the dust. Read the founders post here. The current project Spark, a conversation oriented application that is based on the idea that extended interactions take place at varying tempos. Seems like it has potential and the architect is hoping to keep it alive. Anyone that is interested should contact Mark Waks.

 Company URL: http://www.avalere.com/portal/

BLOG POST : Steve’s IT Rants

Iron Mountain quietly bought the assets of start-up Avalere, who had some pretty big and interesting plans in the area of data categorization and classification.  Those ideas turned out to be much bigger than their funding source, however.

A few weeks ago, I was told by an x employee that Wis.dm was shutting down. Now it seems that they may try again with a skeleton crew and new changes. Stay tuned.

www.wis.dm.com

Wis.dm.com the folksonomy oriented social networking site closed its doors the week of March 17th 2007. lack of user uptake was heard to be the cause.