Hated Adware Company Raises $40 Million
from the what-were-they-thinking... dept
This article would almost be funny if it weren't so sad. It turns out that a company named 180solutions somehow raised $40 million this week, but when the Seattle Post-Intelligencer went out to find out about the company, all they seemed to hear about was just how much everyone hates the company. 180solutions, it seems, is in the same sort of sneaky hidden adware/spyware install business that made Gator and WhenU famous. The article is chock full of quotes from people accusing the company of being evil, unethical, illegal or some combination of all three. The only person they could find to give a positive quote about the company was the poor VC who was somehow convinced to invest in this company. Apparently, he didn't do very much due diligence. A simple Google search turns up how hated the company is, and has plenty of details about how they put their adware/spyware on tons of computers without the user having any idea. To then have the VC actually claim that the company is a "good actor" in the space suggests he has no idea what he just invested in.