The curse of the promising startup

Chip design automator Tera Systems hasn't returned clients' calls lately; nor has it updated its site in months. The home page still brags an award from consultant Frost and Sullivan, who said in 2004, "Tera Systems...has been able to gain significant momentum while continuing to excel in growing business around the world."

Valleywag is unqualified to give investment advice. So I'll tell you just for fun — "significant momentum" was used in the past week to describe the companies SpineVision, Juniper Networks, Affiliated Computer Services, Seacoast Banking Corporation, and McAfee, as well as the entire Swedish economy.

2004 Startup-Of-The-Year Winner Shuts Down in 2005 [alarm:clock]