That's how hundreds of VCs and high-tech CEOs (what's left of them, anyway) found themselves at a rented McDonald's in Midtown Manhattan. There, they scarfed down Quarter Pounders and bellied up to a bar near the drive-through window. Champagne cocktails commemorated infamous dot-com icons, such as the McKozmo, named after defunct delivery service kozmo.com ("delivered in under an hour," the menu said), and the McBlodget, named for bullish analyst Henry ("a strong buy recommendation").
"Starting a business is not about $600 Aeron chairs and Nobu anymore," said Venture Reporter founder and party host Jason McCabe Calacanis. "It's plywood desks and McDonald's."
But the VCs in attendance weren't drowning their sorrows. Instead, they talked up how it's a great time to be investing in startups that can be had for a McBargain. By Amy Cortese