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disaster recovery

Filed in archive Technology , Venture Capital by tj on October 24, 2003

I recently just wondered about why so few startups have ventured into disaster recovery, which was once coined as a very stable segment of growth. Especially after the power outages in the last months. I had to withstand the flooding of newtron's data centers in 2002. Luckily we had enough backups of our facilities, but otherwise all data could have been lost in just a second.

Disaster recovery--investing in what if--has always been a hard sell.

"A survey, sponsored by EMC, found that only 14 percent of senior business executives felt their important data is very vulnerable to being lost in the event of a disaster, compared to 52 percent of senior IT executives."
I could only find some start-ups. Advanticom received an investment in 2001, but went bustlinks meanwhile. In 2003 Topio could convince Sequoia Capital to invest $10 mio. in their operations. But besides that I wasn't able to find investments in disaster recovery companies. Are they just easier funded by cash flow or is the marketplace just filled with enough mature companies with broad product offerings?






Permalink: disaster recovery
Tags: recovery  disaster  entrepreneurship  2003  technology  disaster+recovery  venture+capital  please+enter 

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