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I know of one company in particular that raised $1 million for their entire seed from a VC. 1 year in the VC partnership decided things weren't going well enou
by eladgil 16y ago
I know of one company in particular that raised $1 million for their entire seed from a VC. 1 year in the VC partnership decided things weren't going well enough to invest more, and they shut down when they couldn't raise money. I can't name specific names publicly here, but it was a clear situation where the VC was not acting maliciously - he literally told me friend (the entrepreneur) that the partnership decided the company was no longer worth partner time.