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I believe user dlevine addressed this above: https://news.ycombinator.com/item?id=13586354 https://news.ycombinator.com/item?id=13586354 "the round was raised
by rrdharan 10y ago
I believe user dlevine addressed this above:
https://news.ycombinator.com/item?id=13586354 https://news.ycombinator.com/item?id=13586354
"the round was raised because the founders were charismatic serial entrepreneurs who knew how to play the fundraising game."
From what I've seen folks are often handed huge checks based on past success and strength of the vision; you don't necessarily need a v1.0 (or even v0.1 product). Consider this example:
https://techcrunch.com/2016/11/17/kubernetes-founders-launch-heptio-with-8-5m-in-funding-to-help-bring-containers-to-the-enterprise/ https://techcrunch.com/2016/11/17/kubernetes-founders-launch...