Confabio.com and Seedcamp 2007

It’s been a few days since the Seedcamp results came back and I have good and bad news:

Confabio was selected as one of the 20 selected startups for Seedcamp 2007, but I withdrew the application

Unfortunately, due to an unfortunate timing of events I have to relocate back to Japan next week, which makes me unable to make the three month commitment. Also, I have to tell you that we had a mayor flaw in our application: our team was fabricated together just 2 days before the application (after Seedcamp sent [this notice](http://blog.seedcamp.com/2007/07/finding-fellow-travellers-for-your.html)). I really believe that the success of a project is determined by the power of the team. In other words, Confabio wasn’t ready yet.

But hey, I’m pretty sure we didn’t really need that 50k. Also, this once more proves: confabio.com is a great prototype. The thing which is great about Seedcamp is the business guidance you get. How to make a business out of a cool prototype is still a mystery for us geeks. Guess we will have to figure that out by ourselves.

Stay tuned: [http://topoints.com/blog/feed](http://topoints.com/blog/feed)