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>Calling Trello a failed outcome is still crazy. Please read my previous comment charitably as I deliberately wrote about Trello using the "investment perspect
by jasode 10y ago
>Calling Trello a failed outcome is still crazy.
Please read my previous comment charitably as I deliberately wrote about Trello using the "investment perspective" for discussion purposes only. It wasn't rendering absolutist judgement that Trello was a failed company.
>So some VCs didn't get the crazy high returns
That's only looking at one side. The other side is J Spolsky who accepted the $10m. To do that, he had to believe Trello would grow beyond $1 billion and convince outside investors of that same vision. If a founder makes a decision to accept VC money, he has redefined the threshold of what success/failure will be. The math makes that unavoidable.
- st3v3r 10y agoI cannot agree with that. Taking $10m does not mean you plan on growing into a $1B business. I also disagree with the idea that we have to focus on the "investment perspective". The VCs made money. I can't care less that they didn't make as much as they wanted to.
- rhizome 10y agoWhat is the basis for a $10M investment implying a $1B expectation?