3 ms·
I think this is how VCs select startups as well. They are investing in the people. That's why Loudcloud can get $45mil valuation after 2 months from founding an
by necrecious 17y ago
I think this is how VCs select startups as well. They are investing in the people. That's why Loudcloud can get $45mil valuation after 2 months from founding and anyone else with the same idea would get laughed out of the building.
- hga 17y agoOne thing I've noticed about a lot of the really successful first stage VC fundings: the deal was done quickly. If a VC is dragging out a deal more than say a couple of months, something somewhere is wrong. Caveat: if you're doing something radically new, the time it takes to sell the concept vs. work out the deal probably doesn't count. Wildly successful very fast funding examples that I can think of like Apple and Sun didn't have to sell their concepts (much; first really consumer friendly PC long after the concept had seized the imagination, the disruptive technology of the engineering workstation in an era where computer power was very dear and very centralized).