About my Seesmic investment

Wednesday, February 13, 2008 by Dave Winer.

Today, Seesmic, the company founded by Loic Le Meur, announced their initial $6 million funding. Several people noticed that my name isn't on the list of investors.  

I'll probably end up kicking myself when Seesmic becomes the next Google or YouTube. I remain a fan of the company and Loic and his team and will be rooting for them.  

Why did I get cold feet? It has nothing to do with the product or the company, both of which appear to be outstanding. It's the stock market. I had to make the final Seesmic decision as I was getting out of stock, at a significant loss.  

The only stock I hold now is AAPL, and sadly, it's way under the price I paid for it on October 8. 

Like a lot of other investors, right now stocks give me the willies. I will likely get back in, slowly, a little bit every week to average out the price, hoping the market has found a bottom.