How do they do this? With a complete and utter understanding of their space, a rock star management team, enthusiastic seed investors and deep relationships. In his presentation at the Pasadena Angels Presentation Screening event BrightQube’s CEO Lee Corkran handled every question head on and nailed it to the floor with a smile.

So they rock, are you doomed? No, it just means you probably won’t be getting any money from the same well. If you have a competent team and a great product that will give people the returns they are looking for then you need to persevere and you will likely get funding. The lesson here is not to give up, that sometimes your lack of success is just because someone else is being very successful.

Those who know me know that I do not hand out faint praise. I will say nothing rather than complement a company I don’t think has what it takes. I am hard to impress, and these guys pulled it off in spades. What more it’s my impression that they are offering a way cheep valuation for having what is essentially a polished and innovative product. The funding is probably a done deal, but if you can get in on this series B, I would hop on.

The reason is that I have been using the hacked books app fro the iPhone for a while now. The iPhone has a great screen, intuitive interface, and not only fits in my pocket, but it is always with me. When (they have too) apple releases their own eBook reader hooked up to iTunes there will be no competition.

I am afraid that I have to agree with Tim O’Reilly, while Amazon’s Kindle is a good product, it is too little too late. My question isn’t whether I should buy a kindle, but when can I get ALL my books on my iPhone?